Cell phone insurance may seem like a great money-saver when you need to repair or replace an outmoded device, but be wary when considering your options.
Some credit cards provide complimentary cellphone insurance when paying your phone bill with them, providing cardholders with additional benefits when using that card to make payments.
Other cards offer lower premiums and deductibles, making them attractive options for phone owners.
Credit Cards
Many cell phone carriers offer protection plans at a fee, but you might be able to enjoy similar peace of mind without incurring additional charges by choosing the appropriate credit card.
Recently, many cards have begun offering this feature as an added benefit to customers. This benefit typically appears in their terms and use and coverage kicks in when paying your cell phone bill with this card. Benefits typically include theft and damage protection with usually only a minimal deductible required.
To file a claim, typically provide proof of ownership and value documentation of your phone. Once accepted, your claim can be settled through either direct deposit or by mail; typically card issuers leave this process up to payment networks such as Mastercard.
Most protection cards offer only basic theft and damage coverage on one phone at a time; chargers and battery cases typically fall outside their coverage. You will typically also need to have purchased it using this card and paid in full without making installment payments.
Most cards that offer this insurance require you to have other forms of coverage in place before any claim can be filed – for instance a protection plan from your wireless carrier, or perhaps an extra policy from homeowner’s or renter’s insurance policies.
Cell phone protection has become increasingly common as a perk on credit cards, so it’s worth taking a close look at whether your existing cards include this option. When searching for the ideal plan, there are a variety of details to keep in mind; you must consider both pros and cons as well as terms and conditions when making your decision.
Insurance Providers
Cellphone insurance plans can be found from various providers. Some are included as credit card offers while others come directly from carriers or device manufacturers themselves. Each provider will have different deductibles, coverage limits and other terms – it’s essential that consumers read them thoroughly prior to making a decision on buying cell phone coverage plans.
Many insurance providers offer cellphone repair or replacement plans with various deductibles depending on the nature of the damage or loss, with screen damage and water damage coverage provided as examples of losses covered by their policy. Other providers only offer replacement phones that have been pre-loved rather than new.
Selecting the ideal provider will depend on both the value of your device and how likely it is for it to be stolen or lost. A cellphone insurance policy might make sense for people prone to dropping their phones or experiencing theft or accidents; otherwise, renters or homeowners insurance policies that include personal property coverage might provide greater value protection.
Sometimes the manufacturer’s warranty will provide enough protection for your device. This coverage typically lasts one year and covers manufacturing defects as well as being used to replace or repair it should something go wrong with it. Many warranties also cover repairs costs which make them a more economical solution than individual insurance plans.
Most major cellphone carriers and retailers sell smartphone protection plans to protect devices against accidental damage such as cracked screens or water spills, with plans such as AppleCare+ or Samsung Premium Care covering software support as well. They’re generally less expensive than regular cellphone insurance plans and can be bought either when purchased or later at any point afterward.
Manufacturer’s Warranty
Manufacturer’s warranties are commitments made by companies to repair or replace items within an agreed upon timeframe, typically covering hardware and software issues; however, this coverage doesn’t extend to accidental slipups like cracked screens, spilled water spillage and more.
Phone insurance and device protection plans offer peace of mind in these situations, usually offering monthly payments that cover an agreed-upon amount for repairs or replacements, depending on the policy. They also can provide peace of mind should your phone, laptop or other electronic be lost or stolen – giving you piece of mind!
Apple provides its smartphone customers with a complimentary warranty with every new purchase, making it a smart way to safeguard their investment from the outset. While the manufacturer’s warranty doesn’t cover accidental damage, most premium product offerings provide additional coverage at an additional fee – some services even offering access to dedicated service centers for faster support!
Additionally, third-party phone insurance providers exist. While some may offer these services through retailers or carriers, others provide independent policies. It’s essential that consumers understand the differences between them all as they compare against a renters or homeowners insurance policy.
Cellphones are carried with us everywhere, making them susceptible to all manner of misfortunes. From dropping it onto the ground to shattering its screen, accidents such as these could cost you big bucks without protection plans in place. Aside from protecting your investment and increasing resale value, device protection plans also add value to devices by increasing resale value and helping boost resale.
AKKO may be new to phone insurance, but they’ve quickly made themselves known by offering some of the most competitive pricing for repair and protection plans for smartphones. Their affordable options make it easy for smartphone users to secure themselves against cracked screens; their comprehensive plans even cover theft or natural disaster damage!
AKKO
While many phone providers provide insurance at the time of sale, this protection typically only extends to cracked screens, liquid damage, parts breakdowns, theft and vandalism. Most carriers and manufacturers provide this kind of protection; however, you may also purchase it separately through companies like AKKO; these plans typically cover a wide variety of events but they may be costly.
AKKO cell phone insurance plans are affordable and offer some of the industry’s lowest premiums; monthly plans start as little as $5 depending on your phone model! Plus, bundling multiple devices into one plan or signing up for an annual plan can save money as well as offering student and family bundle discounts!
One of the key advantages of AKKO over other cell phone insurance policies is that it covers accidental damage, mechanical and electrical failures and not loss. This makes AKKO an excellent choice for older phones or ones which have outlived their warranty periods; unlike Worth Ave Group SquareTrade and Zagg Protect which require you to wait 30 days before filing a claim with them.
AKKO provides insurance for personal items other than cell phones, such as electronics, music gear, photography equipment, sports equipment, kitchen appliances, clothing and luggage. Their five-device plan can cover up to 25 items at only $15 per month!
As there are countless cell phone insurance providers to choose from, take the time to select one that’s the perfect match for you. Carefully consider cost and any applicable deductibles before choosing your plan – don’t forget promo code ACSAVES to save on your first month free!