Our cellphones have become an integral part of our daily life. They allow us to keep in touch with friends, family, and the world at large. As a result, it may be enraging & costly when they break.

According to a survey conducted by SquareTrade, a provider of electronic device insurance, over 50% of iPhone users have experienced a cracked screen at some point, and nearly one-third have had a phone with a broken screen for at least six months. This highlights the prevalence of phone damage and the need for insurance coverage. If you haven't ever damaged your phone beyond repair, you've almost certainly had a near call. You've experienced the experience of your phone falling from your grip and the bang it creates when it falls to the floor.

It's a shock if your phone didn't break after any of those falls. Repairing damaged phones are not cheap. In 2020, the average cost to repair a cracked iPhone screen was $200, according to uBreakiFix, a nationwide phone repair company. This cost could be even higher for newer and more expensive models. With phone insurance, customers can often get their phone repaired or replaced for a much lower deductible, potentially saving hundreds of dollars.

The number of lost or stolen phones is also a concern. In the US alone, there were over 2.2 million reported incidents of mobile phone theft in 2019, according to the Federal Communications Commission (FCC). With mobile phone insurance, customers can receive a replacement device if their phone is stolen or lost, providing peace of mind. 

Perhaps you've lost your phone for several hours. When it goes lost, you get all stressed and panicked until you discover it. You've either got or considered getting cell phone insurance to help you relax. You dread the thought of increasing your monthly phone bill. However, knowing that you can replace your phone if something goes wrong - could be worth the 300 BDT fee (The exact cost is determined by the kind and condition of your phone, the amount of coverage the insurance provide).

It's important to analyze the calculations associated with cell phone insurance to see if it's a wise investment.

If you've ever had insurance and had to file a claim, you may swear by it since it protected your money. However, if you purchased it but never used it, you undoubtedly felt like you were wasting money.

It's vital to understand what your cell phone insurance covers. There are several types of policies. You could be shocked if you expect you'll be protected for everything and obtain a new phone if something goes wrong.

4 QUESTIONS TO CONSIDER IF YOU'RE THINKING ABOUT PHONE INSURANCE

1.  Do you drop your phone very often?
2.  Have you got children who are messy with phones?
3.  Do you have butter fingers? And small things tend to slip out of your hand often?
4.  Do you need technical help to transfer data and information every time you switch your phone?

A phone insurance plan could be perfect for you if you responded "Yes" to any of the above questions.

As a cautious person, you may be hesitant to add more expense to your budget, particularly for insurance that you may never need. However, because phone damage may happen at any time, purchasing a protection plan can give you peace of mind while also saving you money.

Without insurance, you'll almost certainly have to buy a brand-new replacement device, which might be expensive up front or require a big monthly payment. Insured devices, on the other hand, are promptly repaired by specialists, allowing you to keep using the item you've grown to love without having to spend a fortune on a new one.

This is certainly true, if your children have phones. You need to have serious discussions about how much they cost and the significance of looking after them. Children are careless beings and they break or lose things more easily than adults. So, prepare a contingency plan in case their phone breaks, is lost, or is stolen.

Cell phone insurance works in the same way as other types of insurance. You buy it, but you're hoping you'll never use it. So, just don’t pass the care for your phone simply because you have got your phone insured.

It should, in theory, assist you when you have a difficulty. If you know what you're purchasing and read the fine print, you'll be less likely to be dissatisfied with your decision to acquire insurance coverage.

When it comes to cell phone insurance, there are several types of policies available in the market. Here are some of the most common types of cell phone insurance:

• Standard cell phone insurance: This type of policy typically covers damage due to drops, spills, and theft. Some policies also cover loss or damage due to fire, flood, or other natural disasters.
• Extended warranty: This type of policy extends the manufacturer's warranty on your phone, covering defects and malfunctions that occur after the original warranty has expired. Extended warranties do not cover damage caused by accidents, theft, or loss.
• Carrier insurance: Many phone carriers offer their own insurance policies, which typically cover damage from drops, spills, theft, and loss. These policies usually require a monthly premium and a deductible for each claim.
• Credit card insurance: Some credit card companies offer cell phone insurance as a perk for using their card to purchase the phone or pay the monthly bill. These policies often have limited coverage and require the phone to be purchased or paid for with the card.
• Homeowner's or renter's insurance: If you have a homeowner's or renter's insurance policy, your cell phone may already be covered under your policy's personal property coverage. However, this coverage may have a high deductible and may not cover damage caused by accidents outside of your home.

It's important to carefully review the terms and coverage of each type of insurance policy before making a decision. You should also compare the cost of the policy and deductible with the cost of repairing or replacing your phone without insurance.

Insure your phone

Have you set your sights on a mobile device? Insure it with InstaSure and then pair it with a service plan from InstaSure. InstaSure provides Unbeatable Coverage to keep you connected throughout the most important times of your life. Mobile phone insurance is a wise investment for those who value their devices and want to protect them from unforeseen events such as damage or loss. While the cost of insurance may seem like an unnecessary expense, it can save you money in the long run and provide peace of mind knowing that you can quickly replace your device if needed. However, it is essential to understand the different types of insurance available, what they cover, and their limitations before making a decision. By doing so, you can choose the right insurance plan that suits your needs and budget. With the increasing dependence on mobile devices in our daily lives, it is crucial to take the necessary steps to protect them and ensure that we stay connected when we need it the most.