Your smartphone is probably the most expensive piece of technology you own, so protecting it with adequate insurance is an obvious idea.
Insurance for your iPhone can seem like a foolish expense, but considering the high price of some of today’s top-tier handsets, a mishap such as theft, loss, or damage could easily set you back a few hundred dollars if you weren’t covered.
Sign up for iPhone Insurance to avoid sudden expenses due to theft or accidental damages.
Find out why iPhone Insurance is the right choice for you by reading the information below.
Do you need iPhone insurance?
The cost of your iPhone, your financial stability, and your comfort level with risk all play significant roles in determining whether or not you should get insurance. It’s a good idea to ask yourself if you’d be able to afford to replace your phone in the event of loss, theft, or damage while still meeting your other financial obligations. iPhone insurance isn’t anything you need to worry about when the answer is “yes,” or when you have a backup plan.
What does coverage for the phone consist of?
If your cellphone is lost, stolen, or damaged through no fault of your own, reliable phone insurance coverage can reimburse you for the expense of fixing it or replacing it with a similar model. However, the replacement phone will likely be reconditioned rather than brand new.
Many policies will pay for unintentional calls or data use if your iPhone is lost or stolen. However, for you to be protected, you will often be required to notify the theft or loss to both the police and the mobile network within the first twenty-four hours after it has been lost or stolen.
What is not covered?
- Equipment Loss Occurring Accidentally
- If you lose your iPhone and don’t report it to your airtime provider within 12 hours, they won’t replace it.
- Online Auction Bought Gadgets And Mobile Phones
- For Any Loss That Is Not Reported To The Police Within 24 Hours And A Loss Reference Number Is Not Obtained.
- Defects in Appearance Only, Not in Function
- Cases when proving ownership or purchase might be difficult.
When is the right time to get phone insurance?
Most carriers will cover a iPhone purchased six months before the policy’s effective date. In the case of mobile network insurance, you’ll have an even shorter window; policies must be activated within the first 28 days after purchase. The oldest mobile phone, Gadget Cover, will cover 18 months old.
It’s also important to remember that it might be difficult to get insurance for a pre-owned phone purchased from a friend, family member, or online auction site like eBay. You’re better off insuring your iPhone via your home contents policy or self-insuring it since most plans only cover brand-new phones.
Is it a good idea to get phone insurance from my carrier?
iPhone insurance via your carrier often costs more than purchasing separate insurance. If the worst should happen, though, and you have iPhone insurance with your network provider, you will likely get a new iPhone the next day after filing a claim. If you don’t have an old phone that will work in a pinch, it’s something to think about.
What about the contents insurance for my house?
You may extend coverage for your smartphone under your homeowner’s policy. Yet, if you own a pricey phone, the cost this adds to your current house insurance coverage may be more than the cost of a separate policy.
Remember that filing a claim for a lost, stolen, or damaged ihone might result in the loss of your no-claims discount, which would increase the cost of your homeowner’s insurance for your personal belongings.
Its better to get a Home Emergency insurance to cover emergency situations in future. By taking this cover, you can get help from professionals who can solve plumbing, drainage, electrical, and heater problems. In-depth, they will repair anything from burst pipes in the kitchen to boiler breakdowns, blocked sinks, toilets, drains, and any electrical issues.
What about accidental breakage?
In the event of unintentional damage to a Gadget you have insured with us, you will either pay to have it repaired or replace it with a similar model.
How old should my products be?
The device must be acquired brand new from the manufacturer or network provider at the start of the insurance period.
So what if my gadgets are stolen?
If your electronic equipment is stolen, You will be provided with a replacement at no cost to you. In cases when just a certain component of your stolen electronic device can be located, we will solely replace that specific component.
How many times per year are you allowed to file a claim?
All reasonable claims submitted within a year will be paid.
Is iPhone insurance mandatory?
Each iPhone is backed by Apple’s limited warranty, which covers hardware repairs for 12 months and provides free tech assistance for the first 90 days after purchase. AppleCare+ and AppleCare+ with Theft and Loss provide coverage extensions1, in addition to other benefits like priority technical help and insurance in the event of theft or accidental damage.