Mobile Phone Insurance: Everything You Need to Know

Those who are more accident-prone than others should really think about opting for mobile phone insurance. This type of insurance can help you save quite a bit of money over the years. While some people think about this cover is nothing more than a scam, the truth is that it can be very helpful. If you have a very expensive phone, you should have it insured. The last thing you want is to have to buy a whole new phone if yours breaks for any reason.

Value vs. Cost

The first thing that you will need to consider before opting for mobile phone insurance is determining if it’s really worth it. You need to think about how much your phone is worth versus how much you could end up paying each month to insure it. Those who have a £500 phone should definitely consider paying for insurance.

Don’t go Cheap

A lot of people choose the cheapest insurance policy for their mobile phone, but this can be a huge mistake. You should take the time to explore your options, and consider paying a bit more for a better policy. A lot of the dirt cheap policies will have a lot of exclusions tied to them. This means that you may not be covered if your phone breaks, depending on the circumstances. There is no point in paying money for an insurance policy if you cannot take advantage of it when you need it. Paying for some of the extras could save you a ton of money at some point.

Check Your Existing Policy

Make sure that you check your current account’s policy to find out if you are already covered. Usually mobile phone insurance is something that you have to pay extra for, but certain providers include it with each customer account. If you do have cover, find out what it is like. You may want to upgrade, depending on what your cover is like right now. Take the time to find out what exactly you are covered for if you already have this type of insurance.


You should also find out what kinds of limits your provider has in place for mobile phone insurance. When you get this information you will know how many times a year you can file a claim. Some providers limit each customer to one or two claims per year, while others are a bit more lax. It is very likely that there will be some limitations. You also need to find out what the rules are for filing a claim. For example, some providers require customers to report theft or losses within a period of 24 hours. There can also be a certain period of time that you have to file your claim.

Getting Cover Through Home Insurance

Anyone who has home contents insurance will have their phone covered in the event of a flood, fire or some other disaster that occurs inside the home. If you want to get cover for your phone outside of your home, you’ll have to opt for “all risk personal possessions cover”. This additional cover will require you to pay extra, but it can definitely be worth it.

Make sure that you update your provider when you get a new phone. Those who fail to do this will not be able to file a claim if something happens to their device. Most of these policies do not over any unauthorized phones, so keep this in mind.

Standalone Cover

You can also choose to take out a policy with a company that specializes in phone/mobile device insurance. There are quite a few of these companies, so you will need to spend some time looking into each of them and what they have to offer. You could get a policy for as little as a few pounds a month.

Network Cover

One of the easiest means of getting your phone insured is a network cover policy. You will find that these policies will provide you with cover in the event of unauthorized calls and downloads, should your device get stolen. You can choose “accidental damage”, which costs the least, or an all-inclusive policy that covers theft, accidental damage and loss. The latter option can be quite expensive, but you will be covered no matter what.

Final Thoughts

A lot of people who buy new phones are really pushed to get the insurance, but it’s not the right option for everyone. Make sure that you take the time to think about it before making a decision. The fact is that mobile phone insurance isn’t right for everyone. This type of cover can be very helpful, but you need to make sure you get adequate cover. The more time you take to research your options, the better off you will be in the end.

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