Your phone needs protection just like you do. The phone insurance or extending the protection plan can be costly, but it is a one-time investment as it saves big costs later. Though you may protect your phone as precious a jewel but even a simple drop can leave your phone with cracked screen. Your phone definitely needs protection against theft.
It is fortunate that there are many protection plans for your phone, but you need to pick the right one and it might be a bit complicated. There are different warranty plans, protections, insurance plans. So you need to pick the right one for you
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Retailers
You can get insurance for your phone from retailers. For example Pay $9.99 per month and it covers malfunctions and the accidental damages to the phone too. But it does not cover theft and loss of phones. Users have to buy Greek Squad Protection within a month of the phone purchase.
Square Trade
Pay $125 and Square trade will offer coverage for two years against mechanical and electrical failures and also accidental damage, but does not cover theft or loss. An amount of $99 will be deducted when Android, Windows or Blackberry phone is claimed. For iPhone an amount of $50 will be deducted.
Worth Ave.Group
The insurance policy of Worth Ave. Group has one advantage what the other do not offer is it covers theft too apart from natural disasters and accidental damage. However malfunction and loss of cell phone is not covered. Another advantage of this insurance is you can buy it at any time and insure your old phones too.
Carriers
Verizon charges you $7 a month for insurance for your phone. If you have a costlier smart phone like iPhone or Android it would cost you $10 per month. One great feature of Verizon insurance is that you get “Mobile recovery App” to locate your phone if it is lost or stolen.
Major Credit Cards
If you have a major credit card you can use it to extend the manufacturer’s warranty for another year, but the variability depends on the card. Many cards cover the loss from theft or damage within 3 months after the purchase.
These are some insurance plans for your phone. Choose the one that fits your needs.
