The advent of ever-more-sophisticated smart phones means higher and higher price tags, and that can put a strain on your budget. At the same time, so can replacing them if they are lost, stolen or broken. Enter phone insurance, which can save you a headache should anything unfortunate happen to your phone. However, these price tags are soaring too. So the question becomes, which is the best phone insurance for your needs? Read on to learn more.
You’re a “Peace of Mind” Kind of Person
Some people want peace of mind. Suppose you just bought an iPhone 7 or iPhone 7 Plus, outfitted it with the best iPhone 7 wallet case or top iPhone 7 Plus cardholder, and dread having to deal with trying to replace your phone after it’s broken, stolen or lost. In this case, full coverage is for you. Keep in mind, however, that this in itself can be costly. For instance, you can get full coverage from a retailer, such as Best Buy, or one of the phone companies for as little as $7.99 a month, or as high as $10.99 or more per month. While that may seem costly, out-of-pocket costs for replacing one of these phones can routinely be $500 or more.
If you are one of those people who buys his new iPhone, dresses it up with the top iPhone wallet case, and doesn’t see the wisdom in planning for such an unlikely eventuality, you may want to forego insurance altogether. You could also opt for limited coverage, which would keep your cost down but require more expense to replace it. After all, just $7.99 per month over two years is more than $190.
Check Your Credit Cards
Before you decide on insurance, look into your credit card coverages. Some extend to lost, stolen or broke smart phones. So why pay twice?
In the end, you have to know yourself, because we all have to have a phone. Right?