Mobile Phone Insurance

[Acemastr]

Anyone recommend any good mobile phone insurance suppliers?

I know most people get it with their banks but my bank are useless bastards (Nationwide) and I'm due an upgrade in a couple weeks and would like Galaxy Note 2, massive screen = breakage I imagine.

The provider is an option but they may not be the best price vs efficiency.
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2017 KTM 350 XC-F - 2014 Yamaha R6 - 2005 Yamaha YZ125
2016 Toyota Tacoma Limited

[t121anf]

Don't bother, put the money you would spend on insurance in a bank account and use it only if it breaks.

[arry]

[Mark 37]

When your due your upgrade, go into carphone warehouse and serif they can match the upgrade deal. Take the insurance out with them.

If your going for a two year deal, then insure for the first year at least. Most two year contracts allow you to reduce the package after a year (double check this before signing anything).
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No matter how fast light travels, darkness was always their first.

[Ichy]

A number of phone companies and banks use the same people for insurance, LSG. I think they are owned or part of carphone warehouse. The service you get will be the same so you may as well base it on price.
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https://www.metacafe.com/watch/1972097/how_to_behave_on_a_forum/

[angryjonny]

There's a nice little animated mouse on the telly who will happily relieve you of £15 a month for peace of mind if that's what you want. Mice are tricky little things to track down though, particularly when you need to make a claim.

FWIW to date, the only phone I've had stolen is the one that I had insured. Presence of a safety net makes it far less likely you'll stay on the tightrope, if you see what I mean.

[pa_broon74]

[Polarbear]

[Andy J]

[Polarbear]

[arry]

[daz_app]

Overall, a bit of a scam IMHO.

We've got 4 smartphones in our house, and I got quoted £80 a month to cover them. Then after looking in the small print, they don't cover you if you lose your phone, unless you have been a victim of crime and can provide a Crime Reference Number!

Just take more care of it!
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our bike family...Wanda - CBF600
Vera - Suzuki RV125 Van Van - now sold!
Maureen - Suzuki GZ125 Marauder

[Acemastr]

[arry]

[daz_app]

True enough, but as a previous poster said, the fact that we have no phone insurance means that we are more careful looking after our stuff...

I think that the reason the quote was so expensive was that all the phones are current generation - ie Galaxy s3, HTC One x etc.
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our bike family...Wanda - CBF600
Vera - Suzuki RV125 Van Van - now sold!
Maureen - Suzuki GZ125 Marauder

[Derivative]

Phone insurance seems like a rather odd concept.

To me, insurance is protection against catastrophic loss. It's intended for stuff you frankly couldn't pay for yourself.

If losing your mobile phone is catastrophic to your personal finances, I have to wonder how you justified buying it in the first place.

It's never going to be revenue positive on average. Unless you think the insurance companies have a failed business model. In which case, they might not be around to honour your policy when you come to claim.

[arry]

[Derivative]

Sounds to me like the decision to spend 40 quid a month was catastrophic, then.

You're just letting the financial industry save your money for you, making 20-30% in the process.

[Ingah]