IS CELLPHONE INSURANCE A WISE CHO...

I’m sure you can relate to having experienced at least one of these scenarios and it’s for this reason that cell phone insurance as part of your larger insurance policy needs to, at the very least, be considered.

Mobile phones, particularly the popular smartphones of today, are very expensive items. Often, in the event of damaging, losing, or having these devices stolen, we still end up begrudgingly paying monthly fees, despite no longer still owning or using the phone.

These unplanned incidents can seriously eat into your monthly budget, unless of course, you do plan for the likelihood of these situations occurring, by contacting your or other insurance companies to enquire about affordable insurance plans. It is also important to note that most insurance companies do not offer stand alone cell phone insurance, so it will need to be linked to your car or household insurance policy.

But doesn’t my warranty protect me?

While most new phones will come with a 24-month warranty, that warranty usually does not cover theft, loss or any serious damage caused by the user. So while insurance may seem expensive at times, consider having to pay for an exact replacement phone out of your own pocket. Would you be able to afford it while still paying your outstanding instalments on your lost or damaged phone?

Of the many types of insurance covers around, the cellphone insurance South Africa has to offer is probably more popular than most other countries around the world. This is based largely on our high crime rates, especially with smartphones being listed among the most stolen items around, thanks in main to their small size and relatively easy resale value.

They aren’t exactly the most difficult items to slip out of sight of an unsuspecting victim. Due to the high theft rate of cellphones, cellphone insurance has to be taken as part of car insurance policy or household/home insurance policy.

At the end of the day, if you’re not much of a socialite or you don’t leave your home or office regularly, then cell phone insurance would not be worth your while. However, if, like most of South Africa, you are always on the go, with your mind needing to be in two or three places at once, then the reality is that both accidents or theft involving your mobile phone are a fair possibility. In that case, cell phone insurance could end up saving you a whole lot of hassle should you ever suffer this inconvenience.

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