Why do People choose Phone Insurance?

Not everybody insures their phone, but those who do, do it for various reasons. There are some who believe that getting phone insurance is a part and parcel of the process of getting a phone. Let's face it; if you are buying an expensive smartphone (actually none of the good ones, come cheap), why wouldn't you want to put in some extra money to get your smartphone insured, in effect what you are actually doing is insuring the investment that you have made in it.

Let's take a look at some reasons why people get their phone insured:-

• Insurance against Damage

Let's face it, the size of smartphones these days, means most are not very easy to handle; what's more you don't just need to hold your phone, you also need to work with it. This leads to mistakes being made and your phone falling from your hands; in many cases this will call for a huge investment in the form of buying a new phone, or getting it replaced. In order to avoid such big investment, phone insurance is looked at, by some people, as the proverbial knight in shining armor.

• Insurance against loss and theft

Make an expensive purchase and at the back of your mind, you are always worrying that it will get stolen. The same case holds true for your phone. Also, the danger of it getting lost or stolen is very real. Phone thefts are reported daily, and this is why people think phone insurance makes perfect sense. But remember, not all insurance companies protect your phone against theft, so read the fine print carefully before signing up.

• Insurance against Fraudulent Use

Some people are worried that if and when their phone falls into the wrong hands, and this third party starts making calls from your phone, what then? The network carrier asks you to pay for the calls made from your numbers. So, they take phone insurance to protect themselves from the same.

• Because it Makes Sense

Finally, insuring their phone makes perfect sense for these people. The fact that they are making such a large investment in their smartphones and there are various lurking dangers that can damage their phone in different ways means they are looking for a protective cover that doesn't ask them to shell out huge amounts of money for what might or might not be their fault.

• Choosing the Right Insurer is Crucial

If you have taken a look at these reasons and have decided to go for phone insurance, what will determine whether you have made the right decision or not, will be the quality of the insurance cover that you choose. Don't choose the first company that you come across that offers phone insurance. Do some market research and find about the reputed companies and the best offer. If you are looking for comprehensive coverage, make sure that the insurance is indeed comprehensive. Something else that you must also consider is whether in case of replacement the company offers you a new phone or a refurbished one.

Hopefully the reasons given above have helped you think along the right lines in terms of getting your phone insured. Don't take a decision in a hurry, take your time, research the market, analyze the reasons and only then make your decision.