subject: Mobile Phone Insurance Protection Against Damage Or Loss To Your Handset [print this page] You mention Insurance to anyone and the chances are bright that person has not given much thought to it. And very admit that even the few life insurance policies he or she has taken has long been forgotten as the premiums have not been paid regularly.
There is a perceptible aversion to anything even remotely to do with insurance. Here, we are talking about life insurance.. So what level of importance do y ou expect from users of mobile phones for mobile phone insurance. None. Isn't it?
But things are changing for the better. The presence of a good number of mobile phone insurance companies to begin with is a healthy trend. This coupled with the growing awareness among users about the great financial loss that they stand to suffer in case they have not extended the required protection to their handsets has led to a more happy situation on this front.
Even the most organized and systematic amongst us are prone to misplacing our mobile phone handsets, or damage it, or worse suffer its theft. In all the cases, the loss whatever it is, will have to be borne by the user alone. And we are talking about the actual value of the handset lost or damaged but other financial losses as well.
This includes the inflated bills coming to the user after he or she finds out that their handset has been misused and all its charge used randomly by the person who has got it now. Secondly, users who are using contract phones are liable to pay for the remaining months of the contract period as well irrespective of when exactly they have lost or got their phone device damaged or nicked. Now, this is bound to be a big financial burden on them.
Most mobile phone insurance companies levy a standard annual premium of 70 to 100. And in most instances, replace the lost handset within 48 hours of reporting.
by: raina kelsey
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