Is it worth me getting mobile phone insurance for my phone?

tempus_fugit

midimanuser wrote: »

Sorry but I had to laugh at the first part of your response.

Ok look at it this way.

Option (1) Phone Insurance
1. I would be paying around £129 in insurance over 3 years.
2. There is a also a probability that something may happen.
3. I will have to pay the insurance excess £25
4. I may not get a like for like replacement.
5. The phone could be grade A refurb.
6. The phone may come with limited 90 day warranty.
7. I am at their whim.

Option (2) Purchase second handset
1. I will pay £150 now.
2. The phone is brand new in box. with manufacturer 2yr warranty
3. I can store it safely at home.
4. It will be the exact same model.
5. No need to try and decide or learn anything new.
6. It will be brand new under warranty for first 2 years.
7. I don't have to worry about limited warranty.
8. I am in complete control and don't have to deal with insurers.

And it's only £150 to pay in order to avoid all that hassle. The phone will probably still retail for around £60-£100 new in three years time so I could even sell it as.

Option 1 is just not worth it. With the excess and depreciation you will have paid for what you could get on a claim in about two years. With option 2, why buy a duplicate phone for £150 only for it to sit in a box for however long until you lose the first one, by which time it might be two or three years old, plus it will have lost value as soona s you buy it as it is now second hand? Just put the money aside and add a little to it each month and use that to buy a new one at the time you need it. Or better still, take more care of your phone and it will cost you nothing extra.

tempus_fugit

mobilejunkie wrote: »

It certainly is.