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In 2017, Americans spent $3.4 billion repairing their smartphones. It’s a cost that could easily be avoided with smartphone insurance.
Cracked screens may be common, but the billions spent on phone repair every year indicate that it costs more than you may realize. The all-glass designs of today’s smartphones may look modern and swanky, but they also contribute to these phone repair statistics.
Why Smartphone Insurance is Important
With phone insurance, smartphone users can avoid paying hefty phone repair bills out of their pocket. Smartphones already cost hundreds of dollars – why add to that cost?
To find out more about how smartphone insurance is a smart idea, continue reading below.
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1. Minimize Risk
If there’s one thing in this world that you can’t put a price on, it’s your piece of mind. Insurance exists to minimize risk, specifically the risk of huge financial costs.
We use insurance to protect the most important and most costly aspects of our lives – our health, our cars, even our pets. Considering that technology is now an inseparable part of our lives, why not insure your phone?
You can also minimize your risk with smartphone warranty.
2. Reasonable Deductibles
Like other forms of insurance, many types of phone insurance claims come with a deductible. It may come as a surprise, but smartphones are expensive pieces of equipment.
Should you need to completely replace a cellphone that is worth nearly $1,000, you will pay a deductible. Still, this cost is considerably smaller than the cost of buying the phone outright, from your own pocket.
3. Easy Claims Process
One aspect of insurance that many consumers dislike is the claims process. No one likes being on hold for hours and having to compile and send endless documents. Luckily, the phone insurance claim process is much simpler.
Many phone insurance companies offer 24/7 service, and you may even be able to file your claim online. Additionally, look for companies that offer guaranteed replacement times.
4. More Than a Case
A great phone case can protect your phone from scratches, dents, and cracks, but it’s can’t protect your phone from everything. Your phone is still susceptible to theft, loss, and software issues.
The only thing that can protect your phone from all potential mishaps is a phone insurance policy. Replacing an entire phone costs a lot more than any phone repair.
5. Avoid Potential Scams
The biggest risk when going to a third party repair shop is the risk of a scam. You may end up with a phone that has aftermarket parts and even stops working once you’re outside the window of return.
Additionally, outside repair often voids any warranties on your smartphone. This means that your phone company will no longer cover any manufacturing issues that arise with your phone.
Phone Insurance and More
Phone insurance may seem like an unnecessary expense, but it only takes one unforeseen accident to prove otherwise. No one wants to spend hundreds of dollars repairing an already expensive piece of technology.
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