Where to Get Cell Phone Insurance
Everyone who buys a new cell phone, smartphone or iPhone is faced with a decision. Do you buy cell phone insurance? The operators themselves offer cell phone insurance plans on a monthly basis for a few dollars a month, but there are also some third-party providers who offer their services for an initial fee. Why would someone choose to opt for third party insurance over the typical insurance offered by carriers? Although they have an upfront cost, third-party companies generally cost less in the long run due to reduced claims fees and generally give you more value for your dollar.
Some third-party companies offer a device buyback program. They will buy back your new phone, smartphone, iPhone or tablet at up to 50% of its total retail value. Most people buy their new phone at a subsidized cost, so when they can resell it for 50% of its retail value, they win. Even if a phone is sold again during the second year of your membership, it can be resold at 25% of its retail value. The average retail cost of a smartphone is $ 550 and at 25%, the buyback price is $ 137.50, which is more than the costs of the smartphone protection plan. This is a great benefit. This puts third party cell phone insurance in a risk-free situation. Even if you never use insurance for a new device, you can resell your phone and get all your money back to order a new phone.
Some third-party insurance companies offer software to lock, locate, and clean your device in case it is lost or stolen. Imagine this, you just lost your phone, with a traditional cell phone insurance company that you would have to call and make a claim. But with this security option, you can LOCK your phone Surety Bonds so no one can access it. Then try to LOCATE the phone via GPS and if that doesn’t work, use the WIPE function to erase all data from the device and make sure your personal data is not compromised. With all the information that people keep on their phones these days, this program definitely gives you peace of mind that your information is safe and secure.
A third party insurance provider also provides credit restoration in the event that your identity is stolen. With their ID Rescue program, they will put you in touch with a restoration specialist to restore your credit to its pre-theft state.
When you consider all the additional programs and features that you get with third-party insurance companies, you will never use the insurance option provided by the insurance company again. Here are some sample pricing plans. Just do your due diligence with other companies to make sure you’re getting the most of your money.