Mobile Phone Forums
Welcome to the Mobile Phone Forums

Go Back   Mobile Phone Forums > Mobile Phones > Phones
Register FAQ Mark Forums Read

Phones Mobile handset related discussion - Nokia, Samsung, Motorola, Sony Ericsson, Panasonic, Sharp, Siemens, Blackberry etc.

Thread Tools Display Modes
Old 26-07-2006, 7:21 PM
joeyny1999 joeyny1999 is offline
Junior Member
Join Date: Jul 2006
Phone: VX8300
Network: Verizon
Posts: 10
joeyny1999 is on a distinguished road
Exclamation Is cell phone insurance worth it?

I think buying cell phone insurance is the biggest scam invented today. Unforutunately too many of my friends found out the hard way.

How much are we really paying?

Most people donít realize that along with the $3-$5 monthly charge they are also required to pay an additional deductible of $35-$50 and up (depending what tier the phone lies on) when making a claim against a lost, damaged, or stolen phone! Most of the free phones given away by the carries are around $75- $100 if you were to purchase them without a plan.

Let us do the math. If I am able to keep my phone safe for a year I have paid $60 for nothing. Whatís worse is that if I had to make a claim on the phone I would be paying more than what the phone was originally worth. Now I know what you are thinking what if I purchase a Treo 700 or some other expensive phone. Well the answer is simple, most carriersí donít offer insurance on the expensive line of PDA style phones and if they do the deductible are so ridiculously high they are just not worth it.

Here is the real kicker if you have to make a claim. Most carries do not insure the phones themselves. They use third party insurance companies. This means that you have to call the insurance company directly. OK, so I make the call only to find out they donít have my phone in stock. It turns out that my phone is no longer available, which I was told happens more often than not. Most insurance companies will not stock phones that are six months old. Instead you are sent a phone that the insurance company
deems ďcomparableĒ.

Comparable is one of those subjective words that should immediately send up a red flag. What if I donít like the phone? What if I like my Motorola and now they sent me a Nokia? What if I purchased accessories for my phone and now they wonít work with my new replacement phone?
Another thing to consider is that the insurance company does not have to send you a NEW PHONE. Read the fine print of your agreement.

Itís my opinion that purchasing insurance for a phone is simply not beneficial in anyway. Between Ebay and other auction style websites the consumer has numerous ways to find a replacement phone they are comfortable with, at a price they can afford.

I prefer to create my own insurance plan. After I get my phone I immediately put the $50 I would have to pay for the deductible in my desk drawer. Then I simply add the $5.00 a month the insurance company would have charged me to the kitty. This way if I am able to keep my phone in good shape for at least 9 months, I will have saved myself a total of $45 in monthly fees, combine that with my original $50, I would easily be able to purchase the latest version of my phone instead of relying on the insurance company sending me a 4-6 month old (possible refurbished) phone. Another bonus to creating your own insurance program is that if you are able to keep your phone until you qualify for an upgrade you will probably have an extra $140 to $170 to go towards the phone that has all of the bells and whistles you canít live without.

**One last quick tip!
If you insist you need insurance and you do have to make a claim make sure you tell them you dropped the phone and that is why it is not working. My friend had a phone that just completely froze. When he went
to submit a claim to the insurance agency they asked him what happened and he explained to them he went to make a call and the phone froze up.
Here is where he got screwed. They claimed it was a manufactures defect and he would have to return the unit to Sony Ericsson directly!

The representitive told him that if he said he "dropped" the phone she would be able to accept the claim. Unreal Huh

Think of this way - insurance companies aren't in the business their in because they don't make money
Reply With Quote
Old 26-07-2006, 11:26 PM
Wizard Wizard is offline
Junior Member
Join Date: Jul 2006
Posts: 9
Wizard is on a distinguished road
I think that it is worth it becasue I have used it befor and I did break my phone so I got a brand new one which saved me a few hundred dollars.
Reply With Quote
Old 07-10-2006, 1:57 PM
chelsbabe123 chelsbabe123 is offline
Junior Member
Join Date: Oct 2006
Phone: motorola
Network: orange
Posts: 5
chelsbabe123 is on a distinguished road
Smile Phone insurance

On my website which is Free Mobile Phones Upgrades: Cheap Mobile phone insurance, orange mobile phones, Laptop insurance you can buy phone insurance for less than 19p per day. We will cover your phone if it has been damaged accidently, if it has been damaged by water, been stolen or even if you have just misplaced it.
Did you know that figures in 2006 show that
  • 1.3 million mobiles were stolen
  • 1.6 million were lost
  • 600,000 were dropped in a toilet
  • 400,00 were dropped in drinks
  • 200,000 ended their life in a washing machine.
Personally i think having phone insurance is worth it!!
Reply With Quote
Old 07-10-2006, 9:30 PM
Triumph Triumph is offline
Join Date: May 2006
Network: Verizon
Posts: 47
Triumph is on a distinguished road
I wouldn't personally get it. In my life I have owned probably 30 cell phones. In that time I lost one of them. If I had paid $5.00 a month for the last 15 years for insurance I would have spent $625.00 on insurance, and gotten one relatively cheap phone out of it.

The reality is in a lot of cases your auto insurance and home owners insurance, and even workplace insurance can deal with common problems with theft and such.
Reply With Quote
Old 14-10-2006, 2:41 PM
feline feline is offline
Join Date: Sep 2006
Phone: Nokia 3220
Network: Smart
Posts: 44
feline is on a distinguished road
Guess I just have to take care of my phone the best way that I can. Besides, phones are constantly upgrading and usually, you get new ones so there shouldn't be much need of an insurance afterall.
Reply With Quote
Old 27-03-2007, 2:27 AM
cbreze cbreze is offline
Junior Member
Join Date: Mar 2007
Phone: nokia e70/ nokia9300
Network: t-mobile
Posts: 1
cbreze is on a distinguished road
Good topic and very well covered.(all the angles). I have never had phone insurance. I doubt I ever would get it. I take very good care of my devices and have never needed insurance yet."knock on wood". If I did break/lose a phone I would probably just upgrade to something better. I also see it as a type of scam as someone already mentioned. I wouldn't knock anybody for having it .02
Reply With Quote
Old 27-03-2007, 8:59 PM
lee's Avatar
lee lee is offline
Super Moderator
Join Date: Aug 2006
Location: Uk
Phone: Samsung Note 10+ 5G.
Network: 02
Posts: 1,440
lee is on a distinguished road
I personally have my cellfones covered under my house insurance.

None of this small print about liquid damage not covered etc
Reply With Quote
Old 30-03-2007, 4:18 PM
onlinedealsnew's Avatar
onlinedealsnew onlinedealsnew is offline
Junior Member
Join Date: Mar 2007
Location: Does it really matter?
Phone: Nokia N80 Unlocked
Network: Cingular
Posts: 3
onlinedealsnew is on a distinguished road
personally i dont go for this type of insurance stuff just like i wont pay my credit card company a "security fee" which is designed to insure them if ever my card get stolen and missed used etc..

if you are someone who loses stuff/break stuff etc.. and you buy a expensive phonse like a high end nokia n series phone or something than go ahead and insure it cuz u know ur probably gonna break it or lose it lol but if not than save ur money cuz all the money you spend to insure ur phone you can probably collect it and buy a new phone.
Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Cell phone guns -not just for James Bond thehiredgun Phones 10 26-06-2006 2:01 AM
Wi-Fi Phone - Free Cell Phone Calls On The Horizon XchangE News 0 27-05-2006 9:38 PM
Cell Phone Accessories geline Accessories 3 18-05-2006 11:47 PM

All times are GMT. The time now is 5:12 AM.

Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.
Copyright ©2015