Why Buy Mobile Phone Insurance?
Our mobile phones are the probably the most expensive item we carry around with us on a day-to-day basis, yet nearly half of us have lost or had them stolen in the last 3 years.
Over 4.5 million mobile phone users are forced to replace their handsets each year; a third as a result of theft. Almost half of all street crime now involves mobile phone theft, with a mobile phone stolen every minute in the UK.
However, it's not just thieves that can deprive us of our phones; over a million mobiles a year are damaged due to carelessness: dropping them down the toilet, into drinks, or accidentally putting them into the washing machine.
Many people believe that if they lose their phone, their network contact can be terminated. Unfortunately, this is not the case; you will be liable to pay your monthly fee for the remainder of your contact agreement, whether you have a phone or not.
If you bought your phone with a contract, then the chances are it was subsidised. However, you will have to pay the full replacement price to get a new one, which could cost you up to £500 - just one of the reasons that mobile phone insurance is well worth considering.
Top 5 reasons for loss or damage to mobile phones:
1. Lost
2. Stolen
3. Dropped down the toilet
4. Damaged by spilling a drink on them
5. Damaged by putting in washing machine
