Gadget Insurance For Your Mobile, Laptop, iPhone and iPad -
Proin dapibus eros sed fermentum tempus. Mauris hendrerit, quam at varius blandit, ipsum mi congue urna, sed pellentesque neque magna a tellus. Mauris mattis pellentesque libero.
Finding the right mobile phone insurance is only important, if you want to avoid getting ripped off! Treading the fine balance between the cost of your policy and the extent of your cover can be a minefield. Often leaving many fearing to take that initial first step.
And instead just going with what is offered by their phone retailer.
The majority of phone users don’t even bother asking the basic questions such as:
what is the best policy for my lifestyle?
what does this mobile phone insurance cover me for?
how does mobile phone insurance actually work?
We’ll answer these questions and more, so stick close by and mind you don’t stray from the path we’ve cut through the minefield of overpriced, under performing policies. It’s well known that many retail stores make more money from selling product warranty’s than they do from the tech products. And this is no different with mobile phone insurance. With the majority of the profit often coming from selling insurance and not from the actual handset or network contract that you purchase. Choices are often limited to just one policy with no comparison against alternative solutions. And that is where the trouble starts.
In the UK alone there are around 10,000(1) mobile phone stolen every month. And that figure rises to around 15,000 if you include lost, stolen or damaged. With a gut wrenching 1,200 dropped down toilets or knocked into sinks. That’s 40 a day, or close to one very wet phone every half an hour! An estimated 316 mobile phones are stolen every day in London. And two thirds of all UK phone thefts are from children aged 13-16(1)
Let’s look at your mobile phone carrier contract. You may have got your mobile phone for free or a discounted cost as part of your carrier contract. But that certainly doesn’t mean you’ll get a free or low-cost replacement. Not without adequate insurance cover. Your contract is for data and calls regardless of whether your handset is down the toilet, or in the hands of the local pick-pocket or opportunist thief. And without adequate cover you will be responsible for the full cost of a replacement handset. Plus you’ll be responsible for paying out for the remainder of your contract.
Let’s consider your options if the unthinkable happened. You could revert back to an old handset and use that until your contract expires. You could buy a handset outright, if you’ve got a spare £500 lying around for a new smartphone.
You could buy a second hand phone and hope that it’s not stolen property. (Sign up to get our short report on how to buy a second hand phone) Or you could get your handset insured and with the right policy, get a replacement in your hand within 24hours.
Let’s look into how to get the best value mobile phone insurance
Check the details of “Free Mobile Insurance” offers – these are often just for the first month then automatically continue at an extortionate rate hidden within your bill. Avoid insurance bundled along with your handset purchase, these tend to be the priciest premiums of all. Check your bill and other insurance policies to see if any of them already include ‘mobile phone insurance’.
Shop around for independent insurers. With economy cover on a £150 mobile from just £2.49 per month – you could save half of what many of the major insurers are charging. Consider extending your existing home and contents policy to cover all your electronic and mobile devices. If you’re part of a household with many phones you could look for a policy that will insure multiple handsets on one policy.
With nearly 80% of phones reported stolen or lost belonging to teens, with a massive increase since the launch of Pokemon Go, a policy that covers the whole family could work out more cost-effective than individual policies for each handset.
Let’s insure your mobile phone with the right policy for you.