iPhone insurance recommendations

borderline

Hello,
my phone was stolen last month. I didn't have insurance , I bought a new iPhone and I'm paranoid now about stolen phones since it's happening all the time in London
I can get AppleCare with theft and loss for £11.99 a month but is are there any other reputable companies offering the same for less?, any recommendations?. Thank you

DullGreyGuy

Cover it with your Home Insurance? Wife's was pick pocketed in London, happened on Friday, claim was settled on Monday with cash hitting the bank on Tuesday (vouchers for the case etc were received on the Monday) - note that I have worked with organisations involved in the claim so may not be representative. 

AppleCare+ is ok but vastly more expensive than home insurance but does include a warranty. 

Be careful with many other mobile providers, most are not New for Old so if your 2 year old phone is stolen they'll be provide a 2 year old replacement or the cash value there of. Had this with the "free" mobile insurance that Barclays used to give but when they depackaged the and it became an optional extra I dropped it (the insurance, not the phone)

borderline

DullGreyGuy said:

Cover it with your Home Insurance? 

I don't have home insurance (renting) and even if I did, if my phone is stolen in the street it wouldn't cover it, right?

flaneurs_lobster

borderline said:

DullGreyGuy said:

Cover it with your Home Insurance? 

I don't have home insurance (renting) and even if I did, if my phone is stolen in the street it wouldn't cover it, right?

Depends on the policy and/or options that you can add. Mine covers valuables stolen/lost away from the home but anything worth more than £500 has to be declared. There's an excess to be paid too.

PHK

Home insurance generally has a bigger excess than mobile insurance and of course means your premium is likely to go up because you've made a claim. 

Home insurance generally requires phones (or other gadgets) to be declared unless less than a certain amount -typically £200 to  £500 - and this might carry an extra premium. 

So it's worth investigating which is better for you in your own circumstances. 

borderline

I don't think I could get renters insurance since flats and front door has no locks (landlord's responsibility, flats above a shop ) we just shut the door and hope nothing happens 

jbrassy

borderline said:

DullGreyGuy said:

Cover it with your Home Insurance? 

I don't have home insurance (renting) and even if I did, if my phone is stolen in the street it wouldn't cover it, right?

If you rent, you can still get contents insurance. This will give you the option to insure your mobile phone, even when outside the house. I'm currently renting and my contents insurance covers this.

DullGreyGuy

borderline said:

DullGreyGuy said:

Cover it with your Home Insurance? 

I don't have home insurance (renting) and even if I did, if my phone is stolen in the street it wouldn't cover it, right?

Yes, Personal Possessions cover is for personal items outside of the home. Some cover in the UK, some cover world wide.  Ours covers for up to £20,000 outside the home for any one item under £15,000. A single case of a stolen phone often is ok, clearly makes much sense for a bag snatch that has more than just a phone in it. Multiple just phone thefts may not work out economically.

PHK said:

Home insurance generally has a bigger excess than mobile insurance and of course means your premium is likely to go up because you've made a claim. 

Home insurance generally requires phones (or other gadgets) to be declared unless less than a certain amount -typically £200 to  £500 - and this might carry an extra premium. 

So it's worth investigating which is better for you in your own circumstances. 

No, a standard policy will cover phones and other gadgets up to £1,000 to £3,000 under the unspecified items. Good polices up to £15,000. There are budget policies which have lower limits etc and are ok if you're at that level of cover but will actually be much more expensive than a good policy for the same higher level of cover. Our policy is £650/year, even with a phone snatch last year, where as a lower quality policy is over £3,000 because it required every item over £1,000 to be specified. 

The Excess may be higher, however most policies are new for old whereas many mobile contracts are indemnity so the £150 difference in excess is small compared to the difference in settlement for a 3 year old iPhone 13 -v- a new iPhone 15 which a Home insurer would base on as the lowest brand new model available for sale. 

borderline said:

I don't think I could get renters insurance since flats and front door has no locks (landlord's responsibility, flats above a shop ) we just shut the door and hope nothing happens 

Avoid renters insurance, you just need contents insurance. Those policies advertised to renters tend to be poor value and general contents insurance covers the same, and often more.

Insurers ask about the door that gets you into your unit, not the door to the building. I am guessing you are talking about the building door that has no lock (we've had flats without even a door) or do you really mean anyone can walk into your home without a key?

PHK

I disagree, It’s unusual for home insurance to cover unspecified mobiles over £200 to £500.  

But the OP should consider very carefully which type of insurance is better for them taking their individual  circumstances into account. 

DullGreyGuy

PHK said:

I disagree, It’s unusual for home insurance to cover unspecified mobiles over £200 to £500.  

But the OP should consider very carefully which type of insurance is better for them taking their individual  circumstances into account. 

If you are looking at the bottom of the barrel providers, maybe.

borderline

DullGreyGuy said:

borderline said:

I don't think I could get renters insurance since flats and front door has no locks (landlord's responsibility, flats above a shop ) we just shut the door and hope nothing happens 

Avoid renters insurance, you just need contents insurance. Those policies advertised to renters tend to be poor value and general contents insurance covers the same, and often more.

Insurers ask about the door that gets you into your unit, not the door to the building. I am guessing you are talking about the building door that has no lock (we've had flats without even a door) or do you really mean anyone can walk into your home without a key?

no, we need keys to both front door and flats doors but there is no lock, we just shut the door behind us. I would imagine it would be easy to kick the door open