Mobile Phone Insurance: How It Works

Mobile Phone Insurance: How It Works

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You are talking on your cell phone when you turn and notice that your three-year-old has decided to take a bath in the dog dish. Panicking, you slam down your gadget and in doing so its slides off the table and crashes to the floor. Not just the face has broken, but the entire unit is no longer working, a $500 investment that is now worthless. Fortunately, you have mobile phone insurance, a cost effective and secure way to protect your cell phone investment. Read on to learn how this low-cost insurance plan can save you in a crisis.

Also known as mobile gadgets insurance, cell phone or mobile phone insurance can protect you in a number of different areas including accidental damaged, mechanical breakdown, drops, as well as loss or theft.

Your Insurance Options

When you purchased your cell phone, your wireless provider likely explained to you your insurance options. Many consumers, however, give this option little thought or prefer to look elsewhere for coverage. After all, with your mobile phone plan already setting you back upwards of $100 or more per month, why bring in another expense? Moreover, the billing for your insurance coverage won’t stop unless you cancel it separately. You may have moved on to another mobile phone and to a different carrier, but your coverage will be for a phone you no longer use.

Not all insurance coverages are the same. Manufacturers typically will cover you for up to 30 days if the phone malfunctions, but once the warranty expires you are on your own. Unless you purchased mobile phone insurance.

Proof of Loss

If something happens to your phone, you will need to show proof to the insurer. If it is lost or stolen, a copy of a police report should suffice. If your phone was damaged by water, broken or is inoperable for some other reason, you may be required to ship your malfunctioning phone to the insurer before payment is made on your claim.

One insurer requires you to fill out a related form, and file that to a claims representative. Make sure that you keep a copy of your claim report and the claim number. And, yes, just like other forms of insurance you will be required to pay the deductible.

Comparing Insurance Plans

As with any kind of insurance coverage, not all plans and insurers are the same. It is important for you to do some research before choosing an insurer and a policy.

Some points to consider include: what is covered. Will you receive full replacement value and how much is the deductible? On older mobile gadgets your insurance may simply not cover the cost of a new phone.

You also want to get a quick response, with a claims representative available to help you out. That also means a quick turn around so that you are not without a phone for long: a 24-hour replacement ensures that the inconvenience of your loss is a brief one.

Finally, you could always go without insurance and hope for the best. However, with mobile devices costing a premium amount, to go without insurance may be a cost you simply do not want to absorb when the unthinkable happens.

Author Information

Sara Wells is a writer who blogs on behalf of companies like Protectyourbubble.com, an ID Theft services provider.

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