Phone Insurance Companies

Purchasing insurance for your mobile phone is one way to ensure that you will have ongoing coverage regardless of your circumstances. Most cellular phone companies offer you a blanket protection policy for six to twelve months from the date of purchase after which you will have to pay to have it repaired or purchase a new cellular phone. If you do not wish to purchase basic or additional mobile phone protection and insurance you can opt to contract with a third party mobile phone insurance provider.

Square Trade is one of the largest and most popular nationwide providers of post-purchase protection and insurance plans for mobile phones. In most cases they are the policy underwriters for banks and automotive clubs that offer low-cost cellular phone insurance to their customers. NatWest Bank and Kyocera are just two of the bigger names that use Square Trade for their third party mobile phone policies. Other mobile phone insurance companies include Asurion Insurance, Barclays Mobile Phone And Gadget Cover Insurance and Lifestyle Services.

The factors that determine the level of insurance for mobile phones include the length of the contract, age of the phone, type of phone, where it was purchased and add-on components like data-backup, extended warranty and multi tiered packages that include accidental damage, lost, stolen and data-backup. Some policies can be as little as two to three dollars a month, a much smaller fee than having to purchase a new mobile phone if yours is damaged, lost or otherwise rendered useless.

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To get your policy validated you will need to provide the company with some basic information like the date your mobile phone was purchased, service provider, EIN number and the level of protection you want. Purchasing mobile phone insurance through a third party is often times less expansive than going through your cellular service provider and will approve your claim faster. Some third party providers will require a police report for stolen high end phones that have a retail value of over three hundred dollars.

One of the biggest advantages of carrying mobile phone insurance through a third party provider is blanket insurance. You can purchase the bare basics that will replace a mobile phone if it is lost or stolen or add on additional services like data recovery, SIM card protection, weather damage and software failure. The prices on additional services are often times a fraction of what a repair bill would be. Most third party mobile phone insurance providers offer online pricing guides that can also be helpful when purchasing a new phone. Knowing what the estimated cost of insurance is could greatly influence which brand and model you choose.

Third party mobile phone insurance companies are more lenient with contract lengths, payment options and starting dates of policies. Cellular providers often require you to purchase mobile phone insurance within the first fifteen to thirty days of activation. With third party providers you can start your policy at any time and build a custom policy that works best for you. Claim times and reimbursements happen in a fraction of time, monthly costs are lower and coverage options are plentiful.