The benefits of mobile phone insurance

2010-09-02T07:17:00.000-07:00

If you have a mobile phone then considering mobile phone insurance just might be a smart idea.

The customary benefit of such insurance is obvious - that a good part of your costs will be covered if any of the following things should happen to your phone:

- it stops working, and your manufacturer's warranty is past the expiration date (if it is has not expired, the phone's manufacturer or the retailer should be contacted about any issues)
- it gets stolen:
- it gets accidentally destroyed:
- loss.

The right policy will not only help to cover any financial losses but it might also provide you with a replacement mobile phone within a 2- day period after you submit a claim and it's approved.

Some policies may offer the added benefit of global cover so you're protected even when abroad either on business or holiday.

When buying any sort of insurance it is important to consider all of the fine print to make sure you're getting what you need. There are specific terms and conditions to any insurance contract, as well as limitations and exclusions, and reading and understanding everything is very important.

- most insurance providers see iphones as different from other mobile phones, and so an iphone may require a different kind of coverage:
- that may also be the case for PDAs or other smart devices even if they can be used in mobile phone mode:
- in the event that someone steals your phone, reporting the incident to the police no more than a day later, as well as getting a crime number may be required:
- coverage for a theft may have specific requirements, and if your phone was left unattended in an insecure, unlocked, or public place it might not apply:
- cover against loss may be an optional extra on some policies:
- your policy may be subject to an excess.

You can also typically insure a whole range of your gadgets including things such as the PDAs and iphones mentioned above.

Policies specific to devices like cameras, laptops and iPads are even available.

If gadgets are an important part of your social and professional life, then gadget and mobile phone insurance might be worth checking out further - unless you're either pretty wealthy or are sure your luck will always hold!

Click here for more information on Mobile Phone Insurance

Looking for mobile phone insurance

2010-08-10T15:29:00.000-07:00

Just like all insurance, mobile phone insurance may never be used.

It may just sit in your files apparently doing nothing - but on the other hand it could save you a great deal of cash.

Phone hassles

How?

Simply because mobiles are:

- expensive to purchase;
- highly desirable practical and fashion objects;
- essential in both personal and professional life;
- small;
- fragile.

Add these features together and the potential risks of owning a mobile phone are clear. These are:

- theft;
- damage which is accidental in nature;
- breakdowns outside of the manufacturer's warranty period;
- loss.

The role of mobile phone insurance

At times when you are unfortunate enough to suffer from any of the above, you will not only feel stressed but you will find that you will have to pay out a large amount of money - that is, unless you have invested in mobile phone insurance that covers the aforementioned risks.

Such cover and protection is available (loss is sometimes an optional extra) through a suitable mobile phone policy.

Useful add-ons

If you are lucky, some policies may offer benefits like:

- protection for your mobile phone even if you're overseas for reasons of business or recreational travel;
- 48-hour mobile phone replacement once your insurance claim has been fully reviewed and approved;
- data storage (often up to 3GB) free of charge to enable you to secure your contact list and other vital information.

Is it all worth it?

Nobody can say for sure what will happen in the future.

You may have had mobile phones for many years and never had a single problem - but that doesn't mean that one won't strike tomorrow.

If you are this unfortunate, your bank balance is likely to suffer. Furthermore, you will experience both inconvenience and disruption.

That's where having phone insurance may help. Not only can it help protect you against the potential costs involved in recovering from a disaster but also having the replacement feature may help you minimise the inconvenience you'd otherwise suffer.

Conditions

As with all insurance products, terms and conditions and exclusions and limitations apply. It is advisable to read these thoroughly and careful to ensure that they are fully understood.

The limits and exclusions may include:

- an excess (the amount you'll need to pay towards the cost of any claim);
- a requirement for thefts to be reported to the police and a crime number obtained;
- a requirement for the phone to be kept in a safe location in the instance that you were to claim for an unattended theft - mobiles left unattended in a public place are unlikely to be covered by the insurance.

Tranquillity

Having a suitable form of mobile phone insurance may also provide you with that most precious commodity when you're out and about - peace of mind!

Click here for more information on Mobile Phone Insurance