What’s The Cost of Not Having Phone Insurance?

While plenty of people allow their focus to be on the cost of mobile phone insurance, the truth is that the cost of not having phone insurance can be a lot higher. It’s easy to believe that you’re never going to have a problem with your phone, but thousands upon thousands of people damage their phones every year. If we go back ten years this might not be such a problem. At that time, the notion of smartphones was probably not much more than a germ of an idea in someone’s mind, and it was quite hard to spend more than £100 on a phone without having something incredibly special for the time. Of course these days, things are somewhat different. Top smartphones rarely cost less than £400 and often are closer to £600 in their first flush of youth. It seems incredibly obtuse to not insure something of this value.

Taking It Out? Insure it!

People insure their televisions and musical equipment, and we’re talking about things that never leave your house. For most people, a smartphone is a constant companion, which means you’re taking your phone into plenty of situations which clearly means there’s a greater chance of something going wrong! Cnet tells us that almost 20% of people will drop their phone in the toilet, so you can see how common it is going to be to damage your precious new phone! Let’s face it, if this happens to you and you don’t have phone insurance, you’re back to square one, and your money is literally being poured down the drain!

Insurance Is Pretty Cheap!

When you set the cost of phone insurance against the cost of replacing your own phone, it really is a no brainer. Protectyourbubble.com phone insurance is available from as little as £1.49 per month, which, let’s face it, is not exactly the sort of figure that you’re going to notice going missing from your account every month. Naturally there will be a premium to pay if you have to claim, but for the most part, this charge is very reasonable, and is a huge amount less than the cost of a new phone altogether.

There Are Plenty Of Ways To Damage Your Phone!

Of course, it’s not just water damage that you’ll be protected against. You can expect to be covered against unauthorised calls if your phone gets pinched, and you can expect your phone to be replaced if it gets stolen too. What’s more, the better insurance policies out there will also cover you no matter where you are in the world, which is great to know when you are hiking up Mt Everest!

Do You Take The Risk?

Of course, you can just try to get away with it. You might not lose, break, or have your phone stolen. If that’s the case, then great, but you will only have lost a couple of pounds a month to have the peace of mind of knowing that it’s not the end of the world if something goes wrong. Of course, you have to make sure you choose the right companies when it comes to finding phone insurance. Money Supermarket has a great guide to choosing your insurance policy which will help you understand which policy is right for you.

 

Category: Saving Money