Should You Invest In Phone Insurance?

Mobile phones have become an integral part of our daily lives. As a result, they are generally with us at every point throughout the day. Because of this increased usage, accidents happen. The more you use your phone and the more you have it with you, the more chances of something going wrong. Because of this, there has never been a more important time to invest in phone insurance. This is particularly true if you have a premium smartphone. Below, we will be going over whether or not you should invest in phone insurance for your particular phone.

1. What Kind Of Phone Do You Have?

The first thing that you are going to want to ask yourself is whether or not it is going to be financially worth it. You need to figure out whether or not the phone that you have is worth insuring based on it’s cost and it’s likelihood of breaking. For instance, if your phone is made up entirely of glass, it is going to be more prone to shattering. At the same time, if your phone is a budget phone, you are likely not going to need to invest in any kind of insurance for it. Whereas, if your phone is a premium/high end phone, you are likely going to want to be sure that it is thoroughly insured. After all, replacing a high end/premium phone can set you back a significant amount due to it’s high cost.

2. How Much Is The Insurance?

Another thing that you are going to want to consider is the cost of the insurance. If the insurance is affordable and it is something that you can fit into your monthly budget, it is likely going to be something that you want to invest in. If the insurance is too high for your budget, you might not see the benefits in investing in it.

3. Ease Of Replacing The Device.

Another thing that you are likely going to want to look at and consider is the ease of replacing the device with the insurance. If you are purchasing the insurance from a retailer, a lot of them have it so you can simply take the phone in or get it replaced on the spot. Thus, it is extremely easy and convenient to invest in this kind of insurance. If you are investing in a third party insurer online, you are likely going to have to send the phone by mail to be replaced. Thus, you are going to have a much more difficult time getting it replaced as it is simply not as convenient as replacing it on the spot. Thus, this might factor into your decision with regard to whether or not you should invest in it.

4. The True Benefits Of Insurance.

Another important factor that you should consider when you are looking to decide whether or not you should invest in insurance is the benefits of the insurance itself. What kind of benefits does the insurance come with? A lot of insurance plans will offer you numerous benefits such as being able to switch your phones at a retailer, being able to replace a lost or stolen phone, and more. All of these benefits are going to be something that you should consider when you are attempting to figure out whether or not replacing it is worth it to you.

In conclusion, there are a lot of different reasons to invest in phone insurance. Not only does investing in this kind of insurance protect you from having to spend the full amount of money to replace your phone should something happen to it, but it also helps ensure that you are going to be able to use your phone without worry. Simply relying on your manufacturer’s warranty is not good enough because they are not going to cover accidentals. Because of this, you want to ensure that you provide yourself with extra protection as a lot of different things can go wrong when you are using your phone each and every day. Phone insurance is one of the best investments you can make to protect yourself.

Kristi Demetrakos