Your smartphone is the most valuable part of your identity. Ever since the first smartphone was introduced back in 2007 by Apple, mobile computing has reached a whole new level. Millions of people carry valuable data and personal contacts in their smartphones. Moreover, the prices of such devices have also increased dramatically. Today, Apple’s most expensive device, the Apple iPhone 6S Plus, retails for approximately $1,000. For the modern man, the smartphone is not a luxury. It is a need and investment that must be protected. If you accidentally drop your smartphone, and it gets damaged, you will lose all your money in a second.
That is one of the main reasons why many companies now offer mobile insurance options. Getting your mobile insured is a great way of making sure that your investment remains safe. However, there are many things you need to consider before applying for a mobile insurance policy. Listed below are a few things that you should know.
The Premium
The first thing you should know about getting your mobile insured is the premium. You can’t get your mobile insured from bigger insurance companies. Such companies deal in more expensive and more important products. Instead, there are numerous tech companies that offer insurance products for mobile phones, tablets, and computers. As a result, the premium is different from what you would usually expect.
Depending upon the price of your smartphone, your daily activities, and how old the phone is in general, the premium will differ. Before you apply for an insurance product, you should always get a quote from a few companies. Compare all the different features and quotes from the company before coming to a decision about which insurance product is best for you. Apart from paying a monthly fee for the data services, you will also have to pay an annual premium fee.
Is It a Viable Option For You?
Personal preferences play a very important part for people considering mobile insurance. Most people change their mobile phones on an annual basis. For instance, diehard Apple fans are often the first ones in line to buy the new devices, which are released sometime in the last quarter of every year. If you change your phone regularly after a few months, getting it insured is not such a clever idea. You will just end up paying more money for no viable reason. These are just some of the things you need to keep in mind when considering insurance products for your mobile phone. Make sure you talk to the company about the different insurance products and features of the policy before signing the agreement.
