You’ve just splurged on the latest smartphone and you are completely enthralled with your new device. But now you have the real “adult” task of insuring your phone. At this point, we tend to stall and ask ourselves if insurance is really necessary – we really could do without the added monthly premiums. In the back of our minds, however, we know that the answer has to be a definite yes because it’s the responsible thing to do – but why?
We all know that insurance is important and that it can serve as a life-saver in unforeseen events. But what exactly makes smartphone insurance a necessity and not just a luxury? We can answer this question with six very good reasons:
1. Replacing A Mobile Is Costly
This is the most obvious reason. Smartphones have evolved to become essential devices that most of us cannot do without. Many depend on their mobiles for their bread and butter and going without one for a long period of time is just not an option. Paying monthly insurance premiums is far less strain on your pocket than having to suddenly pay an unplanned fortune to cover the cost of a new device. Even if your insurer requests an excess payment, this sum will still be considerably less than gathering funds for a new phone.
2. Mobile Phone Insurance Covers What Warranties Don’t
When you purchase a mobile phone or sign up for a contract, the warranty and the extent to which it provides cover should be explained to you. You will soon discover that most warranties are very limited and only cover problems such as software defects and mechanical failures. If you want to make sure that you have cover in instances where your mobile is lost, stolen or physically damaged, then you will need to approach an insurance company for further assistance.
3. Outside Repairs Come With Risk
If your mobile phone is damaged but not to the extent that it is beyond repair, then sending it in for a fix is an option that might seem like an affordable solution at the time. However, if you send your device in for repairs, you do stand a chance of voiding the manufacturer warranty on your smartphone and you could be paying unnecessary bills that simply lead to more, well, bills! If your insurer decides to repair your mobile instead of replacing it, then they will do so without breaching your warranty terms.
4. Mobile Phone Insurance Does Not Cost A Lot
Contrary to what some might believe, the cost of a monthly premium to have your mobile fully covered is not an exorbitant amount. In fact, some insurance companies offer cover for as little as £7 per month for even the most expensive smartphones. This is not a hefty amount to spare when compared to the lump sum you would have to fork out all at once if you did find yourself in a situation where your mobile has been lost, stolen or damaged. Also, if you are not one to lose your belongings easily or you stay in a location where petty theft is not a common occurrence, then you can customize your cover (and your monthly premium) so that it best suite your lifestyle and your pocket.
5. Pure Convenience
Most insurance companies make the process of filing for a mobile insurance claim extremely easy. Once your claim has been processed, you can leave it up to your insurer to determine and plan the way forward. Now you can spend your time focusing on the important tasks at hand – instead of worrying about how you are going to fork out money for a mobile phone that matches the quality of the one you have to replace. The small monthly premium you have to pay does not only cover the cost of a new phone, it essentially covers the time you can now save by not having to negotiate your way into affording a new device.
6. Do It For The Peace Of Mind
If anything, simply do it for the peace of mind. Do we really need more stress on our shoulders? Worrying about how we will replace our mobiles if they break or fall into the wrong hands shouldn’t be something that we lose sleep over. Instead, plan and budget for your new mobile beforehand and include insurance coverage into the equation. This way you really will have no unexpected fees thrown at you, you’ll have your Plan B set in place from the onset.
While some of us feel invincible and have the mindset that bad things will simply never happen to us, the sad reality is that harsh occurrences usually happen when we are expecting them the least – no matter how safe and responsible we are. Don’t take your chances. Mobile insurance, just like health or vehicle insurance, is totally worth it.