5 Things You Need to Know About Insuring Your Cell Phone
Insuring your cell phone can be a good idea. Smartphones are getting increasingly more expensive, and mishaps that damage their functioning are hard to avoid.
If you’re wondering whether cell phone insurance is a worthwhile investment for you, consider the following:
- What cell phone insurance covers- Cell phone insurance can cover all of the following: theft, loss, accidents, malfunctions. However, it’s important to read the fine print, because each policy differs.
- Requirements of filing a claim- If you want to file a claim, you’ll generally have to go through several steps. For example, if your cell phone is stolen, you’ll probably have to file a police report. You also may need to bring your phone in to a specific location for inspection if you’re filing a claim due to a malfunction.
- The deductible- Most cell phone insurance involves a deductible that you’ll have to pay when you file a claim. Shop around for the lowest deductible or your insurance might not be worthwhile.
- Understand possible reasons for denial- Possible reasons for a claim denial with cell phone insurance include malfunctions prior coverage in a manufacturer’s warranty for a malfunction or denial because damage was caused by an owner’s attempts to modify the cell phone. It’s a good idea to review your warranty before purchasing insurance, and if you have a habit of tampering with your cell phones on your own it’s important to understand that any resulting damage probably won’t be covered.
If you’d like to learn more about the advantages of insuring your cell phone, contact Schumacher Insurance Agency for more information.