Mobile Phone Insurance

Mobile Phone Insurance

As mobile phones get more technologically advanced and valuable mobile phone insurance is as important as ever. However, you will no doubt have noticed that mobile phone insurance premiums often seem very expensive. Mobile phone insurance is expensive because the providers have to pay out on so many claims each year. But, don't worry because the mobile phone insurance market is very competitive and there are still some excellent mobile phone insurance deals to be had. This is the Consumer Review guide to help you get the very cheapest and best mobile phone insurance for you needs.

The Important Questions

Am I already covered?

The first thing to do is to check your home contents insurance policy, if you have one. It may be that your mobile phone is already covered by this policy or it can be added to the policy at a very small additional cost. However, as these policies are not tailor made to cover mobile phones read the other questions listed below and make sure you will be covered for items such as the cost of calls if you phone was stolen.

Should I just buy the mobile phone insurance offered to me by my network?

The answer to this question depends on how much you are willing to pay and how quickly you need to be 'up and running' again after an incident. The insurance offered by the networks is generally good value for money because they will often get a replacement phone and sim card dispatched to very quickly. They can be a little more expensive than other policies, but this is rewarded if you have to claim, as the service is often easy and efficient.

Aren't all mobile phone insurance policies basically the same?

No! Because of the very high number of claims the mobile phone insurers have to pay out each year the prices and level of cover varies wildly. Be sure to read your terms and conditions very carefully to see what you are covered for. It is very important to get cover for any calls made from you phone after it was stolen or lost. Some providers don't automatically cover this and you could be hit with a very expensive bill in the event of this happening. If your mobile phone is stolen some insurers will even only pay out if the thief was a 'violent incident' - ie only if you were mugged!

How much should I pay?

The answer to this is very subjective. You should pay what you can afford to, whilst ensuring you are covered for the things that are important to you. There is nothing worse than paying for an insurance policy and then discovering that you are not covered in the event of a problem. Check the prices and offers available and base your decision on the specifics of the policy. Remember that the mobile phone insurance industry is very competitive and you will almost certainly find the right mobile phone insurance deal at the right price.