Why You Should Get Your New Phone Insured?

Our Mobile Phones are now a vital part of our lives and there are many ways in which
we have become dependent on them. Be it our personal or our professional lives; managing
anything without a smartphone has become nearly impossible. New Phone, however, are
often costly devices, and many people spend a good part of their income buying decent phones.
But, no matter how expensive a phone may be, it is always prone to damage or theft.

The prospect of losing high-end phones which costs you a lot of money can be quite stressful. Considering this, an insurance product like ‘Mobile Phone Insurance’ has been launched.
In this blog, we will look at some of the features of ‘Mobile Phone Insurance’ and how they
are beneficial for smartphone users. But, before we do that let us understand what phone
insurance really is.

What is Mobile phone insurance?

When you lose your old phone or it gets damaged for reasons like liquid spillage,
breakage etc; it can cause financial damage at many levels. And, in our times in which
we spend a lot of money on buying good phones, this financial strain can be quite big.
Insurance on Phones has been conceived to protect smartphone users from this loss.

We at XtraCover always suggest our customers get phone insurance to protect them
from the financial strain of either loss or damage to their phones. Now that we understand
what Phone Insurance is, let us have a look at the damages that are generally covered and
what are the exceptions.

Damages Covered by Phone Insurance:

Here is a list of damages generally covered by Mobile Phone Insurance:

1. Damage to phone screen 
2. Damage by fire
3. Repairing or replacing of lost or damaged phone 
4. Loss of phone by robbery or theft
5. Technical malfunction in the phone
6. Damage due to liquid spillage on the phone 
7. Accidental damage to the phone

It is important to mention here that before you choose phone insurance, you should read all the terms and conditions carefully and enquire with the provider for any confusion that you may have. 

Exclusions in a Mobile Insurance:

Mobile insurance also has its share of exclusions; here is a list of damages that are generally excluded from a phone insurance policy:

1. Deliberate damage to the Phones 
2. Pre-existing damages in the Phones 
3. Loss of phones that is mysterious and cannot be explained 
4. Damage to phones due to climatic changes 
5. Damage if the phones is overloaded, and damage if the phones have been experimented with.  
6. Damage to the phones when it owns a third party etc. 

Why you should invest in phone insurance?

Now that we have a good understanding of phone insurance and its features, let us now look at some of the major benefits of phone insurance: 

1. Value addition to warranty – Protection against damages like theft & burglary, damage by liquid spillage etc are not covered by the manufacturer’s warranty. By opting for phone insurance, you add protection against a long list of damages in addition to the protection that the warranty provides. 

2. Makes repairs affordable – Getting a top-end smartphone repaired can be quite an expensive proposition. Replacing any of the internal parts that have gotten damaged due to liquid spillage or breakage can set you back by quite a bit. By opting for phone insurance, however, you can avoid getting your phones repaired from outside, which is a risky proposition and you can also protect yourself from the financial strain from such damages. 

3. Ease of filing claim – Many phones insurance policies allow for cashless repairs under their plans. The customer service also ensures that the process of redeeming a claim is as hassle-free as possible. 

4. Insurance on used phones – Insurance on mobile phones is offered on both new as well as used & refurbished mobile phones. 

5. Peace of mind – To put your hard-earned money into buying a high-end smartphone and then realise that it is either lost or seriously damaged can really spoil your mood and even put you under some financial strain. By getting phone insurance done, however, you can carry your expensive phones in your pocket and use them the way you like without worrying about it all the time.

Conclusion: 

A lot of people buy refurbished phones these days, and, therefore, phone insurance has also become a common trend these days. It is best advised to get phone insurance done as soon as you buy a new phone. However, before you get your new phone insured make sure to read all the terms and conditions of the policy carefully.