Use our UK Finance guide and learn by experience. We outline pitfalls so that you don't have to learn the hard way, as many of us often do.
Sound Advice
Phone Insurance
Probably the most underutilised of all insurance products in the U.K. is phone insurance, and considering the cost involved in replacing a handset when no mobile phone insurance UK policy is held, this is a worrying fact. Less than 30% of handsets are covered by phone insurance and whilst most people think that their householders insurance policy will cover them in the event of damage to or loss of their mobile phone, there is only a 20% chance of this being so.
Phone insurance is a product on its own and if you look carefully, you will find that other types of insurance policies that are prepared to include some sort of phone insurance clause, will not actually provide you sufficient cover, especially in the event of an occurrence not usually covered by specific phone insurance policies which are fully comprehensive. So, buying phone insurance as a separate product can offer you more protection, but it can also do this at less cost. The bottom line is, never underinsure anything as you’re just wasting hard-earned money, and always make sure you’re getting as much value for your Pounds as possible.
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