If I Damage or Lose My Phone, Does My Home Insurance Cover It?

Considering that your deductible will be more than the cost of the phone…

I don’t understand… I’m essentially considering whether or not I should insure my phone with O2. I’m a student living with my parents if that helps.

Insure it with O2. I doubt your parents would want to pay a 500 to 1500 deductible to replace a 400 phone.

If insurance with 02 is reasonable, get it.

Sorry, I don’t understand what you mean by deductible? The actual cost of the phone is £269, if there was a £500 – £1500 fee, why would anyone bother? Why not just buy a new one?

Insurance generally doesn’t cover 100% without an initial payment by the policy holder when a claim is made. This payment, the deductible, can range from a low amount to a high amount.

So exactly, you wouldn’t pay a deductible higher than the cost of your home owner’s deductible. Therefore, it wouldn’t make any sense to claim it on home owners instance unless there was a huge loss such as fire flood or a robbery and more than just your phone was lost or destroyed.

Again if 02 insurance is affordable, I would go with that.

Home insurance does not covers phone insurance. You need to appy for a separate insurance for your mobile. Mostly all expensive mobiles are pre- insured. You only need to enquire about it from your mobile dealer. All Nokia N series mobiles are pre – insured. Mobile insurance comes under general insurance.

Great answers, thanks so much. I’ll ring O2 today to get a quote then!

Rich

no it does not,you need to take out insurance with your phone provider/you can do it at any time.even after you,ve had it awhile.