Contractor Tips Blog


Pros and Cons of Smartphone Insurance

Many people spend more on their smartphones than on computers – a new iPhone can cost several hundred dollars or more. Most wireless carriers and manufacturers offer insurance for a premium, giving you protection if you break or lose your phone. While this may seem like a good idea, it is important to weigh the pros and cons before you buy.

Pros of Buying Smartphone Insurance

If you have experienced broken and stolen phones in the past, you may be a good candidate for smartphone insurance. Here are some of the pros of having protection for your smartphone.

  • Multiple repairs. If you tend to smash or drop your phone often, insurance may be a good option.
  • Lost phones. While extended warranties will not help if you lose your phone, phone insurance through your carrier often will replace your phone if lost or stolen.
  • Kid’s phone. Many parents opt for insurance for their kid’s phone, especially if they are irresponsible.

Cons of Buying Smartphone Insurance

When deciding to buy smartphone insurance, you need to make sure the cost is worth the benefits. Some of the cons of insurance include:

  • High deductibles. Maybe you only need to pay $10-15 a month but if you have to pay a few hundred dollar deductible to replace your phone, that is a high cost for insurance. The monthly premiums over two years and deductible can come close to the cost of a new phone.
  • Refurbished phones. Read the fine print – you may only receive a refurbished, not new, phone if you need a replacement.
  • Limited use. Many insurance plans have a limit on how many times you can have your phone repaired or replaced.

If you tend to be careful with your phone, you may want to skip the insurance. This can save you $100-$300 or more per year off insurance (plus deductibles) that you can put toward repairs at a local cell phone shop if needed.

Posted on behalf of Cellairis


Save Money On Your New Cell Phone with This Tip

Is it time to upgrade your cell phone to the newest model of iPhone or Samsung Galaxy? Phones are no longer a small expense – often they can cost hundreds of dollars, even with a contract through your wireless provider. So how can you save money on your new phone? While the newest models will still cost a small fortune, you can save money on a monthly basis by foregoing the extra insurance for your phone.

Phone insurance seems like a good idea, especially with how expensive new phones are to replace or repair if they are damaged. However, if you add up the cost of the insurance, it may not be such a great deal. Many insurance plans cost close to $10 per month, or $120 per year. Plus, you usually have to pay a deductible when you have it repaired or replaced. So if once per year you crack the screen on your phone, it is not free. Your $120 in premiums plus another $50 or more in deductible is certainly not cheap.

Another issue with phone insurance is sending away your phone for repair. In the meanwhile, you must use another phone and often you may get a replacement phone back instead of your same phone. That means starting from scratch adding your apps and adjusting your settings.

Instead, skip the phone insurance and use a local phone repair service instead. You only pay for the service when you need it, making it a wise choice. They can repair your phone the same day, with no hassles of sending it away or needing to re-set up your phone. Most repairs cost less than what you would pay in premiums and you only pay it if you need it. You could save over $240 in two years if you never need repairs, helping pay for the cost of your new phone.

Posted on behalf of:
1570 Old Alabama Rd
Roswell, GA 30076
(678) 869-9899

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