Why take out cell phone insurance?

When it comes to choosing the best cell phone insurance, consider this!

Not long ago, we only used cell phones to make calls or send shorthand, cryptic text messages. Now, phones have become such a vital part of our lives that many people sleep with them. So when your phone is lost, stolen, or damaged, it can cause major life disruptions. That’s why cell phone insurance is more crucial today than ever to get you and your phone back up and running quickly.

1. Despite premiums and deductibles, ATT insurance still saves you money.

The average retail price of a new smartphone is $50,000, even much more for an iPhone. More than 70% of telephone claims are filed during the first year. This means customers with phone insurance who files a claim in month 12 with an iPhone 7 can save on a replacement phone after premiums and deductibles.

2. Protection plans are not the same

Most aftermarket “protection plans” are simply extended warranty plans that only cover accidental damage and malfunctions. Just one package of cell phone insurance and the extended warranty covers loss, theft, damage, and mechanical and electrical failures. This is important because one in four phone claims last year was for loss or theft.

3. the Broken screen? With insurance, you can get your phone repaired quickly and for less.

Most cell phone insurance coverage includes broken phone screen replacement with a lower deductible than you would pay for a replacement device. The deductible is usually less expensive than taking your phone to a repair shop. For added convenience, some insurance companies will send a technician to your home or office to repair your cracked screen.

4. Without insurance, you may have to pay for TWO phones.

Buyers now pay the full cost of their phones either upfront or in monthly installments. If you’re buying in monthly installments and your phone is lost, broken, or stolen before you pay it off, you’ll still need to make the remaining payments. What’s more, without insurance, you could keep the remaining dues and payments on a new phone. With a 32GB Samsung Galaxy S7 Edge, at six months, a customer could still owe a lot on their old phone while trying to pay for a new one.

5. Cell phone insurance provides additional protection for replacement phones.

Most mobile phones come with a 1-year warranty against malfunctions. But what happens when your phone is lost, broken, or stolen and you need a replacement? The insurance will not only replace your phone quickly but will generally protect your replacement phone with a new 1-year warranty that starts the day you receive it. So you end up having warranty coverage longer than if you had kept your original phone.

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