You should consider buying mobile phone insurance if:
You have a history of lost, stolen or broken phones. You have an expensive smartphone and/or you're locked into a long-term contract. You couldn't afford to replace the handset and you wouldn't want to downgrade to a cheaper model.
The bottom line when deciding whether to buy insurance for your iPhone is whether you're more comfortable paying extra money every month so you can have additional security, or if you'd rather take the risk and save the money. Some people would rather forgo the monthly payments and put that money aside for a new phone.
For example, under most insurance plans, you're covered if you totally destroy your phone, but if your screen cracks, that's out of pocket. When it comes to insurance, there are a few different options. You could get phone insurance through your phone carrier, but plans vary with each provider.
You'll also pay a deductible between $50 and $200 - again, depending on the cost of your phone. So while an insurance plan could save you money over the cost of a new phone, you're still likely to pay anywhere between $300 and $400 to get your phone replaced under a carrier insurance plan.
Most networks do not cover insurance for second-hand phones, as they want you to purchase their phone along with their insurance. Out of all the networks, o2 and Three offer a refurbished phone and insurance option.
If you decide to insure your mobile
If you decide you do want to insure your mobile phone you need to check the small print of any policy. ... how much the policy excess is – this means the amount you'll have to pay before any claim you make is paid.
Best Cell Phone Insurance:
4 Best Mobile Insurance Company in India 2021
Other coverage options
| Cost | Covers | |
|---|---|---|
| AppleCare+ | $99-$199 for two years of coverage. | Damage (two incidents) and phone malfunctions. |
| SquareTrade | $8.99 per month, per device. | Damage and phone malfunctions. |
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