What Cellular Phone Insurance Plan Is Offering Me Best Value For Money?
Now you have purchased a new mobile phone and dedicated yourself for the subsequent 18 to 24 months to your phone network, you will probably want to obtain some insurance in place to protect your new investment. As you probably are aware, your mobile phone was just given to you free by your vendor, as you have assured them with a guarantee of your business for the tenure of your contract. That is a guaranteed income supply for them for the next 24 months.
As you have assured them of guaranteed income for the coming months, they are more than happy to give you a free mobile phone, to recompense your custom, as well as to interest you to the offer in the first place.
But where would you be if you lost your new phone? Well basically, you would have to stand the replacement bill, except, you had some applicable mobile phone insurance in place for your phone. The substitution cost of phones will be different from make and version, but a rule of thumb price would be around the 300 GBP area, with the latest iPhone being in the higher price bracket of around 650 GBP.
There are several familiar methods you can apply to protect your phone, let's go over them briefly, one by one.
When you take out your new phone agreement, you will almost defiantly be provided mobile phone insurance by your retailer or network provider, normally for an additional monthly fee of around 9 GBP to 16 GBP, depending on the connection and the make and type of the phone. This normally tends to be the highest price insurance alternative that will be available to you.
Secondly, you could include your mobile phone to your home contents insurance policy, as many policies let you to add individual personal items of value. This can sometimes be very good value for money, as you may not be charged an additional fee. Care should be taken though, as you will probably realize in the event of a claim being made, the whole claim process could take many weeks to get solved. It would also be prudent to know the excess fee you would have to pay with this scheme, as it could be set quite high.
Finally, a very popular option at the moment is using an independent insurance company, who is not attached with the phone network or retailer to provide you with insurance cover. This is known as standalone insurance and is commonly seen on the internet for around half the value the retailer or network provider would charge.
All in all, it could well be good attempt to research on mobile phone insurance before you get your new mobile, thus, allowing you to have pre selected the best insurance product for you, before you take delivery of your new mobile phone.
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