Several years ago as we transitioned to smartphones I looked into phone insurance… 4


Several years ago as we transitioned to smartphones I looked into phone insurance again and decided against it. With four phones in the family and the ridiculous rates and deductables on these plans, it just wasn't worth it. The few times that I've had to replace a broken or lost phone, it's been easier and cheaper to just activate a previous generation phone or buy a used one from ebay. 

Reshared post from +Jim Fawcette

Don't Buy Mobile Phone Insurance

SFGate.com's James Temple does a follow-up on his stolen cell phone and explains why getting insurance isn't worthwhile.

* Deductibles are high, such as AT&T's $199 for the iPhone
* You're not guaranteed a true replacement even with insurance. "Replacement equipment may, at our option, be refurbished equipment or different equipment of like kind and quality."
* Cracked displays may not be covered. 
* Loss due to nuclear war isn't covered (really! both fission and fusion)
* If the carrier doesn't provide adequate coverage, you've signed away your right to sue.

Temple: "Instead of buying insurance, Consumer Reports recommends that consumers hold onto their previous phone and simply switch back for the remaining term of the contract in the case of a loss. "

I take it back: Don’t insure cell phone
Earlier this month, I described the unhappy experience of losing my iPhone mid-contract and learning I’d have the privilege of paying $450 for a replacement. In the concluding paragraphs, I state…

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