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Mobile Warranty and Insurance: Everything you Need to Know 

by janeausten

Mobile warranty and insurance, as the name suggests, is an additional monthly cost you must pay in addition to your phone contract tariff. In most cases, iPhone 14 insurance will provide coverage against damage, loss, and theft. Depending on the policy and service provider, it might also offer coverage against unauthorized calls and app store fees. Your provider might offer insurance when you purchase the smartphone. Conversely, you can also research around mobile warranties when you buy a smartphone. Usually, policies suggest registering for iPhone 14 insurance within six months of the purchase. It might not be ideal to invest in a mobile warranty if you have an inexpensive phone, or you can even choose pay-as-you-go services.

What is a mobile warranty, and what does it cover?

Mobile warranty and insurance cover the cost of repairing and replacing your phone under the following circumstances. 

  • If you lose or misplace your phone and are unable to find it. 
  • Someone stole your phone, in which case you will have to report to the police within 24 hours and provide all descriptions when filing for the claim. 
  • If you accidentally damage your phone, the insurer offers repair costs prior to replacement ones. They might reject the claim if it is found to be deliberate damage due to carelessness. 
  • If your phone stops functioning unexpectedly one day, your policy should cover its repair and replacement. 
  • If your phone battery starts experiencing wear and tear, impacting the performance and usage of your smartphone. 

Other policies might offer additional insurance in case of the following scenarios:

  • If someone makes unauthorized calls or hacks your phone, your insurer might cover the costs incurred from the network. 
  • Accessories included with the phone are also covered. Moreover, the insurer might offer coverage even if you have purchased accessories separately. 
  • If your policy covers the purchase of digital goods, then the insurer might include that too.
  • If your smartphone undergoes water damage, a mobile warranty might also cover that. 

Are you eligible for iPhone 14 insurance?

Unlike other insurance policies, mobile phone insurance does not have any criteria to discern who is eligible. You can simply purchase a mobile warranty regardless of your gender, salary, previous insurance, or job. However, the amount you pay for insurance depends on the value of your mobile phone. You can choose a monthly or one-time premium for the purchased insurance. 

Do you have to pay excess when filing iPhone 14 insurance claim?

When claiming with the insurance company, you will have to pay an excess as agreed. The amount will vary depending on your phone model. Or, the premium you pay might cover all the repair costs, and you won’t have to pay anything. Compared to other insurance policies, a mobile warranty does not increase the premium when you file a claim. 

When should you file a claim?

To avoid your iPhone 14 insurance, filing for claims as and when you encounter the previously discussed circumstances is recommended. However, always read the terms and conditions of your policy before you buy it. 

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