Should You Insure Your Phone?

A Brief Buyer’s Guide for Gadget Insurance

What is Gadget Insurance?

Gadget insurance for your smartphone covers—in most cases—theft, loss, or damage.

There are some exceptions for what is covered, but generally, insurance is a good idea for an expensive smartphone.

Insurance is typically offered through your service carrier, though you can buy it privately as well.

Do You Need Insurance?You should ask yourself a few questions to see if gadget insurance is right for you:

• Is your phone fragile (does it have a reputation for breaking easily)?

• Do you have a physical job that makes it more likely to damage your phone?

• Can you afford to replace your phone if it is lost or stolen?

If you answered “yes” to any of these questions, you might need insurance.

Where Can You Get Insurance From?You can choose insurance from your cellular service provider. This is typically purchased when you purchase your phone.

Other private insurance companies also provide coverage, and may be a good option if you don’t feel comfortable insuring with your carrier. Many times, insurance through a carrier will be more expensive.

How Much Will it Cost?The average cost of insurance for smartphones

is between $7 and $15 per month.

Buying Insurance is a Good Idea

Insuring your phone gives you the protection you need if your phone is lost, stolen, or damaged. If you didn’t insure an old phone and it broke, you can still recoup some of the money buy selling it to SmartPhone-Buyer.com.

SSmartPhone-Buyer.com