Insurance for your mobile phone is more important than you think. They have come a long way since the first recognisable mobiles in the 1950′s, in fact for many a mobile is a staple in their life. In modern times, a mobile isn’t just a portable phone; it’s a camera, an MP3 player, an organiser, an alarm clock and more importantly a portal for social networking. No wonder ‘I couldn’t live without my mobile’ is such a popular phrase within our society.

Mobile phone insurance can seem an expensive commodity, which is why many people choose to opt out of an insurance policy for their mobile. Obviously, it depends on the nature of individuals; you may just happen to have bad with luck phones, forever misplacing them or damaging them. On the other hand, you may be extremely careful with your mobile, never misplacing it, and the probability of you damaging your phone may be minimal. But the reason why phone insurance suits both types of people (and everyone in between), is because you will always have peace of mind when handling your mobile, knowing that you won’t have to fork out for the cost of a new handset if yours is damaged or lost.

The expense of mobile phone insurance can be justified. Phones are tiny, very expensive pieces of technology which most people treasure. However because they are tiny, they are very likely to be left on a bus/train/pub table, and are also just as much likely to be dropped in water, or on hard surfaces and being damaged. Therefore, the rate of claims that will be made to mobile phone insurers is probably the highest of all insurance channels. Even the most responsible person may need to claim on their mobile insurance. So even though the cost may seem expensive initially, you need to weigh up how expensive your phone will be to replace if broken or lost, and how long your contract will run for even though you won’t have a working phone.

A mistake many people make is taking out mobile insurance with the company they bought their phone from. Although major phone retailers may offer good insurance deals with some nice perks, you are far more likely to find cheaper mobile insurance by a smaller company who specialises in this field. If you shop around for mobile insurance, you are more likely to find an insurance policy which caters for your needs. For example, not all mobile phone insurance providers will supply cover for PAYG phones, cover for fraudulent calls, or offer no fixed term, but by searching the market for cheaper cover, you are likely to find a policy which includes the things most relevant to you and your phone.

When taking out mobile phone insurance, make sure you know what is included in the policy beforehand. Also make sure that your phone insurance includes a replacement service for lost or stolen phones, otherwise if this happens you may be left without a phone for a number of weeks. Remember, always read the small print.

by R Miller

This entry was posted on Friday, December 19th, 2008 at 12:00 am and is filed under Insurance . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.