What do You Need to Know About Cell Phone Insurance?

May 31st, 2012 | By Hot News Reporter | Category: Insurance Today

Because of the increasing number of mobile phone theft incidents at present, it is a good idea to get an insurance coverage for your mobile phone. This is something that you should do especially if you own any of those feature-packed and expensive smartphones. Bear in mind that criminals are always around, and ready to grab any opportunity that will allow them to steal or rob your favorite gadget. This is a huge loss on your part especially if you have stored a lot of essential data in your phone. The hundreds of dollars that you have spent just to own the gadget can also be put to waste. Although some mobile phone manufacturers use software such as mobile tracker as a means of security for the devices, you should know that getting insurance for your phone is one of the best ways to get compensation for its loss due to stealing.

Aside from giving you compensation when you have lost your phone through theft, a mobile phone insurance can also help you out in case of the loss of your mobile phone due to other events like riots, fire, terrorist activities, strikes, accident, malicious damage and any other fortuitous circumstances. It should also be noted that there are two basic types of mobile phone insurance plans. The first one is that which allows you to receive a handset which has a value equal to your lost phone. The other insurance plan allows you to receive financial compensation for the lost phone. However, you should also take note that you can never get the benefits provided by your insurance company if it has been proven that the loss is due to your carelessness. This is the main reason why you need to still take care of your phone even if you have an insurance coverage.

The good thing about trying to get mobile phone insurance is that unlike other types of insurance, you do not have to meet specific requirements such as those that relate to age, work, current income, sex and other standard demographics. You can even get the insurance right after you purchase your phone. All that you have to do is to ask for insurance from the person or company where you bought your new gadget. It is advisable for you to look for a mobile phone insurance which offers premiums that are lesser when compared to the total insurance.

When trying to get an insurance policy for your phone, you are also advised to look for a reputable company. You have to do your research first so you will know which among the providers of mobile insurance can offer you the best deal. You should also avoid getting swayed by persistent shopkeepers who may continue to persuade you into trying a particular provider. There are risks that these companies will just vanish after taking a hold of your money so you have to be careful. Go for those that have received great reviews to guarantee your safety. You should also consider going for a mobile insurance plan which also pays for all the data you store in your gadget. Even if there is a huge chance that you will be asked to pay for a higher premium, you should know that being able to back up all the data in your phone with the help of an online backup service is all worth it.

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