Now-a-days, insurance has become daily need for the assets. Some of the assets which are owned are expensive. In order to protect them from the thefts or losses many people will opt for the insurance.
Mobile phones are one of the costly assets for which an individual needs an insurance. Among all the uses of mobile phones, communication is the best usage. Communication gets devastated if the mobile phone is stolen or damaged. Especially, mobile phones like iphones are expensive and choosing the insurance for them is a smart idea.
Along with the warranty, some of the mobile service providers are also providing the insurance coverage for the expensive mobiles like iphones etc. Insurance coverage may depend on the various options like cost of the mobile, technology usages etc.
Most of the people think that the insurance cover is not needed for the mobile phones. But, there are many advantages associated with the coverage.
You can purchase the insurance either at the place where you purchase a mobile or you can add it as an asset while buying home insurance. But, one should be careful while choosing the insurance for the mobile. Read the instructions of the policy carefully and decide which premium will be beneficial for you. Give the information regarding the change of mobile or upgrading of the mobile to the insurer.
Sometimes, you may take a new sim, another handset in case of loss or theft. Several coverages like accidental damages, theft, power surges, fire or water damages are also covered for some of the expensive mobile phones.