Why do I need mobile phone insurance?<\/h3><\/div>![\"Danny](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2020\/07\/Danny-Butler.jpg\")
<\/p>
Finder insurance expert Danny Butler<\/a> answers <\/em><\/div><\/div>Modern smartphones are incredibly expensive to repair or replace. The most expensive devices, such as high-end Samsung Galaxy handsets or top-spec iPhone Pros, can cost more than \u00a31,000 to buy brand new.<\/p>
In spite of that, most of us take these pocket computers with us every time we leave the house. We\u2019re constantly carrying them in our hands, passing them to our friends, taking photographs, or shoving them in a back pocket or at the top of a handbag.<\/p>
Yet these items are far from indestructible; one slip and you\u2019ve got a cracked screen. They\u2019re pretty attractive to thieves, too.<\/p>
To most of us, our phone is essential and would need to be replaced immediately, yet few people are happy to dip into their savings and splash out on a brand new replacement. Which is why mobile phone insurance is popular, especially for the accident-prone.<\/p>
With that said, you should check that you don\u2019t already have decent cover from an existing insurance policy, such as contents insurance or a packaged bank account.<\/p><\/div><\/div><\/div><\/article>
What does mobile phone insurance cover?<\/h3>
You can expect standalone or gadget insurance for mobile phones to cover the costs of repairing or replacing your device in the following circumstances. Cover under a contents insurance policy or packaged bank account may be more limited, so check the small print.<\/p>
- Accidental damage.<\/strong> You\u2019ll be covered if you accidentally break the device \u2013 for example, badly cracked screens.<\/li>
- Loss.<\/strong> If you lose your device and you haven\u2019t been overly careless, your insurance will help cover the cost.<\/li>
- Malicious damage.<\/strong> Your insurance will cover you if your device is deliberately broken by a third party.<\/li>
- Mechanical breakdown.<\/strong> If the device stops working properly through no fault of your own, you can make a claim. This usually includes battery malfunction.<\/li>
- Replacement accessories.<\/strong> Your insurance will often cover the cost of accessories damaged or lost at the same time as the device.<\/li>
- Theft<\/strong>. Provided you take due care with your phone, such as not leaving it unattended, you\u2019ll be covered if your phone is stolen.<\/li>
- Unauthorised usage\/fraudulent activity.<\/strong> If your device is stolen, your insurance should cover you for any charges racked up by the thief. This could include losses from the thief accessing your e-wallet.<\/li>
- Water damage.<\/strong> If your device is damaged by contact with or immersion in liquid, your phone insurance can help cover the cost.<\/li><\/ul>
If you plan to take your phone abroad, check whether your cover extends overseas. If not, you may be able to pay to boost cover. Alternatively, check if your travel insurance<\/a> policy offers enough cover \u2013 bear in mind some travel insurance policies have limits that might not cover the full value of your phone.<\/p>\n \n ![\"\"](\"https:\/\/img.youtube.com\/vi\/mzqhkHb5ipE\/maxresdefault.jpg\")
\n 4:17<\/div>\n <\/div>\n
<\/p>
Modern smartphones are incredibly expensive to repair or replace. The most expensive devices, such as high-end Samsung Galaxy handsets or top-spec iPhone Pros, can cost more than \u00a31,000 to buy brand new.<\/p>
In spite of that, most of us take these pocket computers with us every time we leave the house. We\u2019re constantly carrying them in our hands, passing them to our friends, taking photographs, or shoving them in a back pocket or at the top of a handbag.<\/p>
Yet these items are far from indestructible; one slip and you\u2019ve got a cracked screen. They\u2019re pretty attractive to thieves, too.<\/p>
To most of us, our phone is essential and would need to be replaced immediately, yet few people are happy to dip into their savings and splash out on a brand new replacement. Which is why mobile phone insurance is popular, especially for the accident-prone.<\/p>
With that said, you should check that you don\u2019t already have decent cover from an existing insurance policy, such as contents insurance or a packaged bank account.<\/p><\/div><\/div><\/div><\/article>
What does mobile phone insurance cover?<\/h3>
You can expect standalone or gadget insurance for mobile phones to cover the costs of repairing or replacing your device in the following circumstances. Cover under a contents insurance policy or packaged bank account may be more limited, so check the small print.<\/p>
- Accidental damage.<\/strong> You\u2019ll be covered if you accidentally break the device \u2013 for example, badly cracked screens.<\/li>
- Loss.<\/strong> If you lose your device and you haven\u2019t been overly careless, your insurance will help cover the cost.<\/li>
- Malicious damage.<\/strong> Your insurance will cover you if your device is deliberately broken by a third party.<\/li>
- Mechanical breakdown.<\/strong> If the device stops working properly through no fault of your own, you can make a claim. This usually includes battery malfunction.<\/li>
- Replacement accessories.<\/strong> Your insurance will often cover the cost of accessories damaged or lost at the same time as the device.<\/li>
- Theft<\/strong>. Provided you take due care with your phone, such as not leaving it unattended, you\u2019ll be covered if your phone is stolen.<\/li>
- Unauthorised usage\/fraudulent activity.<\/strong> If your device is stolen, your insurance should cover you for any charges racked up by the thief. This could include losses from the thief accessing your e-wallet.<\/li>
- Water damage.<\/strong> If your device is damaged by contact with or immersion in liquid, your phone insurance can help cover the cost.<\/li><\/ul>
If you plan to take your phone abroad, check whether your cover extends overseas. If not, you may be able to pay to boost cover. Alternatively, check if your travel insurance<\/a> policy offers enough cover \u2013 bear in mind some travel insurance policies have limits that might not cover the full value of your phone.<\/p>
\n\n\n 4:17<\/div>\n<\/div>\n - Loss.<\/strong> If you lose your device and you haven\u2019t been overly careless, your insurance will help cover the cost.<\/li>