Which Cellular Phone Insurance Option Is Most Useful For Me?
by Chris on February 15, 2010
Now you have purchased a new mobile phone and dedicated yourself for the next 18 to 24 months to your mobile phone network, you will probably want to buy some insurance in place to cover your new gadget. As you possibly know, your mobile phone was simply given to you free by your dealer, as you have promised them with an agreement of your business for the period of your contract. That is a guaranteed income source for them for the following 24 months.
As you have promised them of guaranteed income over the following months, they are more than happy to give you a free mobile phone, to compensate your custom, as well as to attract you to the deal in the first place.
But where would you stand if you misplaced your new phone? Well mostly, you would have to bear the replacement bill, unless, you had some suitable mobile phone insurance in place for your phone. The substitution cost of phones will vary from brand and style, but a rule of thumb price would be around the 300 GBP scale, with the most recent iPhone being in the higher price range of around 650 GBP.
There are several common methods you can employ to protect your phone, let's go over them briefly, one by one.
When you take out your new phone contract, you will quite defiantly be offered mobile phone insurance by your seller or network provider, generally for an additional monthly charge of around 9 GBP to 16 GBP, depending on the network and the make and style of the phone. This normally tends to be the highest price insurance cover that will be available to you.
Secondly, you could add your mobile phone to your home contents insurance policy, as a lot of policies permit you to add individual personal belongings of value. This can sometimes be very much worth, as you may not be charged an extra fee. Caution should be taken though, as you will probably understand in the event of a claim being made, the whole claim process could take many weeks to get settled. It would also be wise to know the extra fee you would have to pay with this process, as it could be set pretty high.
Finally, a very common option at the moment is using a private insurance company, who is not connected with the phone network or retailer to offer you with insurance cover. This is known as standalone insurance and is commonly seen on the internet for around half the price the retailer or network provider would charge.
In general, it could well be good exercise to research on mobile phone insurance before you buy your new mobile, thus, allowing you to select ahead the best insurance product for you, before you purchase your new mobile phone.
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