Unless you’ve been living under the rock for the last few years, you’ll have known about many exciting, expensive mobile devices and all the fuss around them. Various smartphones with Android and iOS operating systems provide a lot of functionality for consumers. They allow us to perform many tasks within a single device.

Many of these smartphone models are quite affordable, but the top of the line models are quite expensive. We may only able to afford to purchase one high-end smartphone models every 2-3 years without disrupting our financial cashflow. In this case, we would need proper insurance coverage that allows us to get repair costs or even full replacement after an accident or theft. It is easy for these smartphones to get dropped or stolen.

There are real consequences of having very expensive smartphone models. Although most of our friends will admire the device, some individuals could have bad intention to steal it. In this case, the proud owner of high end smartphone models should make sure that their devices are fully protected.

Criminals are targeting various smartphone models for theft. In this case, we should choose the right kind of insurance policies that could provide us with the real protection. There are a number of options that allow us to get the right kind of coverage. As an example, the smartphone model can be seen as an expensive item and it can be added to our household insurance. This may not always work properly.

It is not a good idea to include smartphone insurance in the home policies, because the latter have higher excess compared to other insurance policies. It means that if we make claim for our smartphone damages or loss on our house insurance, it is possible that the premium for the next year’s house insurance will get more expensive.

In fact, it could go through roof, causing problems in the end. In this case, it would be better for us to obtain dedicated smartphone insurance that’s separated from the home policies. This is an essential thing to do, especially if we can’t wait weeks for our smartphone to get replaced. It’s a wise move to look for smartphone insurance providers that can provide us with the right kind of protection.

The next step would be to find the right specialist insurers that can really protect our smartphone models. Our smartphone model should be protected with decent level of coverage. The problem can be a bit more complicated if our phone only works on specific network. In this case, it will be safer for us to have an unlocked smartphone that can work on any network.

If our smartphone is damaged beyond repair or stolen, we should be able to get quicker replacement. It would be much faster for the insurance company to provide us with a replacement, because they may not have cooperation with the network provider. We could also get lower premium, if we agree to get a cheaper phone as replacement.