Every day, people around the world are faced with the fear of their expensive mobile devices being stolen or damaged. What if someone stole your phone? Or what if you accidentally drop it and crack the screen? These things happen all the time. Fortunately, there is an insurance option that can protect your device in these cases. Read on to find out more about mobile theft insurance and why it’s important to have this coverage on your phone.
1. Mobile device coverage
Your mobile device is probably one of the most important items you own. It’s your connection to the world, your work, your social life, and your entertainment. That’s why it’s so important to protect your mobile device with theft insurance.
Theft insurance will protect you financially if your mobile device is stolen. It will pay for a replacement device, as well as any associated costs like data recovery or identity protection.
2. Mobile phone insurance
Your mobile phone is an expensive and essential piece of technology. It’s also a prime target for thieves. In the US alone, there were an estimated 3.1 million robberies involving phones in 2012. Here are four good reasons to get insured:
Peace of mind
Mobile phone insurance gives you peace of mind in knowing that you’re covered if your phone is lost, stolen, or damaged.
Without insurance, you could be faced with a hefty bill to replace your lost or stolen phone. And if your phone is damaged, you may have to pay for repairs out of pocket. Mobile phone insurance can help relieve the financial burden in these situations.
Coverage for accessories
Some policies will also cover any accessories that are lost or stolen along with your phones, such as chargers and case covers.
Discounts on new phones
Many insurers offer discounts on new phones when you insure your old ones through them. This can help offset the cost of upgrading to a newer model
3. Theft insurance
Theft insurance is one of the most important types of insurance to have if you own a mobile device. Here are four reasons why:
Mobile devices are expensive. The average cost of a smartphone is over $700, and the average cost of a tablet is over $500. If your device is lost or stolen, you could be out of a significant amount of money.
Are often used for work. If your device contains work-related information or files, you may need to replace it in order to maintain confidentiality.
Mobile usually contains personal information. If your device is lost or stolen, your personal information could be at risk.
4. Damage to a mobile device
Your mobile device is an expensive piece of technology that you rely on every day. Whether you use it for work or personal reasons, your mobile device is a valuable asset.
Theft insurance will reimburse you for the cost of your mobile device if it’s lost or stolen. This type of coverage is typically included in homeowners’ or renters’ insurance policies. If you don’t have a home or renters insurance policy, you can purchase standalone theft insurance from a number of insurers.
The best way to protect your mobile device from theft is to keep it with you at all times. But even if you take precautions, there’s always a risk that your phone could be lost or stolen. That’s why having theft insurance is so important.
5. The cost of a new mobile phone vs damage insurance or theft protection
The cost of a new mobile phone can be quite expensive, especially if you have to pay for damage insurance or theft protection. However, there are a few reasons why you should consider protecting your mobile device with theft insurance.
- If you were to lose your phone or have it stolen, you would likely have to pay for a replacement out-of-pocket. But, if you have insurance, the insurance company would cover the cost of the replacement phone.
- Damage insurance or theft protection can give you peace of mind. Knowing that your mobile device is protected can help you relax and feel confident that you won’t be stuck with a huge bill if something happens to it.
- If you rely on your phone for work or other important tasks, not having it could cause major financial problems. Insurance can help ease the burden by covering the cost of replacing your phone.
There are many good reasons to insure your mobile device against theft. From the financial protection that insurance provides, it can also give you peace of mind knowing that your device is covered in the event it’s lost or stolen. Make sure to get your mobile phone covered now.