You will usually be offered the opportunity to purchase insurance policies from your provider when you sign a mobile contract. This insurance is not mandatory and you can decide if it is the right choice for you.
This page will tell you all about the various types of insurance that you can get for your cell phone.
Is it worth paying for insurance on your mobile phone?
It will all depend on The type of handset you use will determine which one.
- If you have a monthly agreement.
Mobile phone insurance policies usually have a minimum excess of PS25. This means that you must pay the first PS25 for any claim you make.
- Pay as you go
You won’t have to pay monthly insurance premiums if you have a simple, affordable handset and a pay as you go deal. If you have a high-end smart phone with a monthly contract, losing your phone could cost you hundreds of pounds.
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You will be responsible for any unauthorised calls between your phone being lost and you reporting it stolen. These unauthorised calls are covered by most Mobile Home Park insurance policies. However, some may not cover you if your phone is left unattended in public places or if you fail to report theft to your mobile company.
- If your phone is stolen or lost, some networks will cap your bill at PS100.
- If you decide to insure your mobile
You should read the fine print before you sign up for insurance on your boost mobile sim card phone. What do you need to know?
How much your policy excess is – This is the amount you will have to pay before any claim is filed
What exclusions are included in the policy? For example, phones that were taken from schools or public buildings are not covered.
- Verify if you are already covered
- Before you sign up for mobile phone insurance, make sure that your phone is not already covered by:
- Your home insurance
- Insurance you can get via your bank account
- You should ensure that the insurance you purchase for your phone is from a legitimate company.
- Learn more about how to avoid being scammed by mobile tire repair insurance companies
- Your mobile company can offer insurance
It is the easiest and most convenient way of insuring your phone is to purchase your own phone network policy. This type of insurance will usually be provided to you when you sign your contract. These policies are usually very costly and may not offer the best value. Mobile phone sales staff may try to convince you to purchase your own insurance, but keep in mind. You don’t need to have mobile insurance Don’t rush to make a decision. You might find a better deal by doing some research.
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Home insurance
Your phone is an extra possession outside your home that can be added to your home insurance. This will usually make it the cheapest option. This option will cost you less than other methods of protecting your phone. Other possessions will also be covered. It’s important to verify the excess on your home policy. It could be as high as PS100. You should also remember that adding your smartphone to your home insurance policy can result in higher premiums. If you do not make any claims, you will get a discount on your home insurer. If you file a claim on your phone, your home insurance may go up.
Stand-alone insurance
There are many policies available. You can purchase a special insurance policy for your phone. This is also known as gadget insurance. This policy is usually the most affordable way to insure your smartphone. You can also check the details of the policy to make sure it meets your needs. You should read the policy’s terms and conditions.
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You can change your mind about insurance
You have a 14-day cooling off period if you purchase mobile insurance but decide not to. This period begins from the date you purchased it. You can cancel your policy at any time and receive all of your money back.