Smartphones can be an expensive investment. That’s why it’s so important to take care of them. But is there anything you can do beyond making sure you’re careful with your new, expensive tech? Investing in device protection or mobile phone insurance could save you headaches down the road.
Depending on what kind of mobile phone protection plan you sign up for, your insurance policy may cover lost, stolen, or damaged phones. That means you may be able to get a replacement phone or have it repaired at a lower cost than buying a brand new device.
But before you sign up for cell phone insurance, let’s look at some of the factors that may help you make your decision.
What makes smartphone insurance worth it?
If you’re wondering whether , there are a few key benefits that you might want to consider. You’ll have to weigh these benefits against your needs and personal budget.
Insurance protects your device from damage
One of the main benefits of a cell phone insurance plan is to save money on out-of-pocket costs associated with issues like water damage, cracked screens, and mechanical failures. After paying a deductible (if applicable), repairs and replacements can come at a significantly lower cost.
Your phone is protected against theft
Device protection can replace your phone if it has been stolen, making it a much less expensive option than purchasing a brand new one.
Cell phone insurance can protect your data with 24/7 tech support
to help you get your digital life back on track after a device breaks or disappears.
Smartphone insurance can be worth it for those who need some financial protection against the cost of replacement devices. Much like car insurance, paying these monthly premiums can shield you from a more significant financial hit while also giving you peace of mind with data backups and support.
Who should get cell phone insurance?
When considering whether smartphone insurance is worth it, it’s important to weigh personal factors alongside the coverage plans themselves. Here are a few key points to help you deduce if phone insurance is necessary for you:
- Lifestyle: Insurance might be a wise investment if you tend to drop your phone frequently, allow children to use it, or rely heavily on your device for work or daily tasks.
- Device Value: Insurance could save you from significant out-of-pocket expenses if you own a high-end smartphone that would be costly to replace.
- Risk Environment: A cell phone insurance plan can provide valuable protection If you work in environments where your phone is at greater risk of damage.
- Affordability: Think about whether you can afford the full replacement cost of your phone if something happens, especially if you’re still paying it off.
- Tech Support: Insurance often comes with the added benefit of tech support, making it easier to quickly activate a replacement device and transfer your data if needed.
What to look for in phone insurance
When it comes to insurance, different kinds of cell phone coverage are not created equal. You may be able to get cell phone protection through your carrier, or you may be able to opt for an independent insurance company for your device protection. With each option, there are different phone insurance benefits. There are a few factors to consider for each mobile phone insurance plan you examine.
How much does cell phone insurance cost under your chosen plan?
Understanding the cost of cell phone insurance is crucial when selecting the right protection for your device. While monthly premiums may seem straightforward, they can vary widely based on your plan and coverage level.
Prices for coverage vary by insurance provider, and your monthly mobile insurance fee can vary depending on what kind of device protection plan you have. Plans with greater degrees of coverage can typically cost more.
You may also pay a deductible if you make a claim. Your deductible can range in price depending on the type of device protection plan you choose. The lower your monthly fee, the higher your deductible may be.
How does cell phone insurance work with the companies you’re considering?
Different cell phone insurance providers cover different types of damage and may include unique perks, so understanding these variations can help you choose the best plan for your needs.
In general, device coverage can cover theft and certain kinds of damage, but it’s wise to verify your coverage. For example, some plans will cover water damage and cracked screens, while others won’t. Similarly, not all plans will cover issues from power surges or phones affected by natural disasters.
Make sure you know how long your phone insurance covers your smartphone. Is it for the length of your contract or for the life of your phone? It could be for a year with an option to renew at the end of the term. Make sure you know so you’re prepared in case of an emergency.
Some device protection plans also include special perks and benefits that might be worth your while. For example, AT&T Device Protection includes unlimited cloud storage to help preserve your data, as well as special services like tech support, data recovery, device sanitation, and more.
Other ways to protect your devices
Sometimes, the best phone insurance is the one you never have to use. There are additional steps you can take to help protect your devices:
- Protective Cases: Having a protective phone case adds another layer between your smartphone and the floor. Some are designed to absorb impact while also look stylish to protect your device.
- Screen Protectors: A screen protector is another layer of protection against cracked screens. They come in a variety of makes and finishes, including tempered glass and with antimicrobial coatings
Considering phone insurance with AT&T
Each person has unique needs when it comes to device protection and the level of coverage that is best for them. One great option is to protect your phone with AT&T Protect Advantage smartphone insurance so you can protect your device before it’s ever lost, stolen or broken.
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This article has been updated by Zoya Cochran, AT&T Business Insights and TechBuzz by AT&T managing editor. It was originally written by former TechBuzz contributor, Carly Milne. The statements in this article are their own and don’t necessarily represent the positions, strategies, or opinions of AT&T.
