Is It Worth Buying Mobile Phone Insurance

Is It Worth Buying Mobile Phone Insurance
When you're looking to​ replace your mobile phone,​ one of​ the​ many questions you​ will be asked by the​ retailer after you've decided which handset and tarriff to​ buy,​ is​ whether you​ want mobile phone insurance.
It's common knowledge that many retailers make a​ large proportion of​ their commissions selling related insurance products and,​ sometimes make more selling these policies .​
So,​ the​ question you​ should ask yourself is,​ am I​ getting a​ good deal here?
Most of​ the​ time,​ if​ you're offered mobile phone cover,​ you'll have a​ choice of​ one policy from one insurer which is​ not in​ your best interests - it's likely got more to​ do with the​ retailers commission .​
At the​ very least you​ should ask the​ retailer how their policy compares to​ others and the​ market,​ both in​ terms of​ price and policy features .​
Whatever they say,​ you​ need to​ compare as​ many policies as​ possible to​ get a​ true idea of​ what price and policy constitutes value for money .​
The best way to​ do this is​ by using the​ internet and a​ price comparison site combined with a​ little time reading real customer reviews .​
Neglect this part and you​ could end up paying inflated premiums for a​ policy that will never pay out.
Even before you​ get to​ that stage,​ you​ need to​ check that your phone is​ not already covered by any other insurance you​ already have .​
For example,​ some good home insurance policies will cover your possessions whilst away from the​ home and,​ unless specifically excluded,​ that should include your mobile phone .​
Check with your insurance company and ask the​ question.
Another alternative is​ to​ self-insure your phone .​
Get a​ price for mobile phone cover for your handset and simply save that amount each month into a​ high interest bank account .​
If your phone is​ lost,​ stolen or​ damaged just a​ few months after you​ buy it,​ you're not going to​ get much of​ a​ payout but it's up to​ you​ to​ decide how much of​ a​ risk that really is​ .​
If you​ hardly use your phone and just keep it​ for emergencies,​ then the​ risk might be low and insurance not really necessary .​
But if​ your phone is​ quite expensive and you​ use it​ often in​ public,​ it​ may be prudent to​ invest in​ a​ good insurance policy.
So,​ if​ you​ are sure you​ want a​ mobile phone insurance policy,​ get online and compare cover and premiums .​
There aren't many price comparison sites for mobile phone cover but there aren't that many policies either,​ so getting quotes manually won't take too long .​
To find these sites either Google 'mobile phone insurance' or​ use a​ good directory but also remember to​ read independent customer reviews as​ these are the​ people who have tried and tested the​ policies with many gone through the​ claims process.

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