What Mobile Phone Insurance Plan Is Most Useful For Me?

Now you have bought a new mobile phone and committed yourself for the following 18 to 24 months to your phone network, you will probably want to buy some insurance in place to cover your new device. As you probably know, your mobile phone was only given to you at no cost by your retailer, as you have assured them with a guarantee of your business for the period of your contract. That is a guaranteed income source for them for the following 24 months.

As you have assured them of guaranteed income over the coming months, they are more than satisfied to give you a free mobile phone, to reward your custom, as well as to draw you to the offer in the first place.

But where would you stand if you misplaced your new phone? Well essentially, you would have to stand the replacement bill, unless, you had some valid mobile phone insurance ready for your phone. The replacement cost of phones will differ from make and style, but a rule of thumb price would be around the 300 GBP range, with the hottest iPhone being in the higher price range of around 650 GBP.

There are several common methods you can use to protect your phone, let's discuss them quickly, one by one.

When you take out your new phone deal, you will almost defiantly be offered mobile phone insurance by your dealer or network provider, usually for an additional monthly fee of around 9 GBP to 16 GBP, depending on the network and the make and model of the phone. This normally seems to be the highest price insurance option that will be available to you.

Secondly, you could include your mobile phone to your home contents insurance policy, as many policies permit you to add individual personal things of value. This can sometimes be very much worth, as you may not be charged an extra fee. Caution should be taken though, as you will probably find in the event of a claim being made, the entire claim process could take many weeks to get resolved. It would also be sensible to know the excess fee you would have to pay with this process, as it could be set fairly high.

Finally, a very common option at the moment is using an independent insurance company, who is not connected with the phone network or retailer to provide you with insurance cover. This is called standalone insurance and is commonly found on the internet for around half the fee the retailer or network provider would charge.

All in all, it could well be good exercise to research on mobile phone insurance before you purchase your new mobile, thus, allowing you to choose in advance the best insurance product for you, before you take delivery of your new mobile phone.

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