Why do I need insurance on my phone?
Asked by: Armando Hirthe | Last update: July 22, 2025Score: 4.5/5 (56 votes)
Is it worth having insurance on your cell phone?
As a general rule, phone protection plans are not a good investment. Exceptions could be if you can't afford a replacement or if you believe you have a far higher risk of receiving plan benefits than the average consumer.
What happens if you don't have insurance on your phone?
Without insurance, if something happens and you still have a balance, you could end up paying for your old phone and a brand-new replacement. Most insurance deductibles, however, cost far less.
What is the purpose of mobile phone insurance?
These insurance policies generally automatically cover your phone (and other stuff) for things like theft, vandalism, fire, and other damages ('perils,' in insurance speak). You generally won't be covered for accidental damage or just because you misplaced and lost your phone, though.
What are the disadvantages of cellphone insurance?
Con: You Might Have to Pay a Small Deductible
For other damage, Upsie representatives will collect a small deductible before the repair to your phone can be made. Comparatively, the amount you pay is a small fraction compared to the typical cost for fixing a device without cell phone insurance.
Should You Buy Insurance For Your Smartphone?
What is not covered in phone insurance?
Losing your phone: Some cell phone protection plans do not cover your phone if you misplace it. Cosmetic damage: Some protection benefits do not cover cracked screens or other types of damage that don't impact the phone's ability to function.
What does insurance cover on a mobile phone?
Adding this optional benefit to your policy means that your mobile phones would be covered for theft, accidental loss and accidental damage.
Can I remove insurance from my phone?
You may cancel coverage from your account online at any time. By removing device protection, you will also lose these services: In the unfortunate event that your device is lost, stolen, or damaged, you are responsible for the full cost to repair or replace your device.
How much does phone insurance cost?
Bundle-priced plans that include phone coverage, tech support, identity theft recovery and roadside assistance are just $12.99 per month for one phone. Or, choose a family plan that covers up to four lines for $24.99 per month. A $149 deductible applies to all smartphone claims.
How long should you keep insurance on your cell phone?
If you buy a phone through an installment plan, you should carry phone insurance until you've made the last payment. When purchasing an expensive phone, you should consider keeping insurance as long as it has a high resale or trade-in value.
What does insurance cover on your phone?
Cell phone insurance plans cover repairs not covered by the manufacturer's warranty as well as theft. It's like any other insurance plan where you pay a premium for your coverage, and the insurer will pay out for repairs or replacement in the event of a covered loss.
Can I cancel my mobile phone insurance?
Yes, you can cancel your mobile insurance at any time. If you bought or renewed the mobile insurance within the last 14 days and provided you haven't already made a claim, you'll receive a full refund of any premiums you've paid.
What happens if I lose my phone and its insured?
Cell phone insurance covers you financially for the possible loss or damage of your cell phone. In other words, if you're worried someone will steal or drop your phone, you need this kind of insurance. The insurance provider agrees to replace your mobile phone if certain insured events occur.
Do I need to buy insurance for iPhone?
Whether Apple insurance is worth it for an iPhone depends on the individual's needs and budget. AppleCare+ provides comprehensive coverage for accidental damage and hardware issues, but it comes at a higher cost. If the user is accident-prone or likes to have peace of mind, Apple insurance can be a wise investment.
What is the value of buying insurance for a cell phone?
The primary value of buying insurance for a cell phone is to provide coverage in case the device is lost, stolen, or damaged beyond repair.
Is insurance always worth it?
Whether life insurance is a smart investment for you may depend on what you want a policy to do for you. If you just want peace of mind that your loved ones will be financially secure if you pass away and they lose your income, term life insurance is probably worth it—even if you outlive the policy.
Can I get insurance on my phone after I bought it?
Compare cell phone insurance plans
Plus, you can make unlimited claims, and you can purchase a plan regardless of whether your iPhone or Android is new or refurbished.
How much is a phone bill per month?
How much is the average cell phone bill per month? According to WhistleOut's report, the average American is spending $157 per month for their cell phone plan with a major carrier,* which adds up to almost $2k per year.
How much is iPhone insurance claim?
AppleCare+ for iPhone extends your coverage to 2 years from your AppleCare+ purchase date1 and adds unlimited incidents of accidental damage protection. Each incident is subject to a service fee of ₹2500 for screen or back glass damage, or ₹8900 for other accidental damage.
What kind of damage does phone insurance cover?
Similar to a warranty, cell phone insurance covers electrical and mechanical failures – but that's where the similarities end. Cell phone insurance also covers if your phone is lost, stolen or damaged — even liquid damage. Looking at you July 4th, the most dangerous month for your phone.
What happens if you lose your phone and don't have insurance?
If You Don't Have Insurance
You still need to: Suspend your phone service and report your phone as lost or stolen to your mobile phone service provider. Remotely wipe your phone. Change all of your account passwords to secure your account information.
Can I cancel my cell phone insurance?
i) This policy may be cancelled at any time by either party giving thirty (31) days' notice in writing. ii) MULTIPLE CLAIMS, in the event that 3 or more claims are lodged against this policy in any 12-month period, your Insurer at may its discretion give 31 (thirty-one) days' notice due to adverse claims experience.
What is the benefit of phone insurance?
But with a mobile insurance cover, you need not worry about it. Apart from theft, a mobile insurance plan also covers events of software damages or other hardware issues to these expensive gadgets, in addition to accidental drops, liquid damage, screen damage, and many other scenarios that you might encounter.
Will my phone insurance cover a lost phone?
Will insurance cover my lost or stolen phone? Depends on your provider. Asurion offers cell phone insurance that covers not only loss and theft, but protection from everyday mishaps like cracked screen repair and coverage for water damage, with you receiving a replacement device in as little as 24 hours.
What do you need to claim phone insurance?
Prepare claim information.
Please have a copy of your ID on hand and should you have any additional supporting documentation please supply accordingly. An example of supporting documentation would be an affidavit or proof of forcible entry into a vehicle such as a repair invoice.