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.
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Phone Insurance - The Importance of Cell Phone Insurance
When you sign a 12 month contract with a service provider, you are promising them a full year's worth of business, and for this they are prepared to subsidise the cost of your handset.
If you don't have phone insurance and your mobile is damaged, lost or stolen, you will have to foot the bill of replacing it and this can be extremely costly. A handset that costs £9.99 to purchase at the time of signing a contract, and is not covered by cell phone insurance, will cost you in the region of £200.00 to replace, should the need arise. Having said this, the latest handsets on the market can cost as much as £1000.00 – not an expense you want to have to deal with if you have no mobile phone insurance UK. To make matters worse, if you hold no phone insurance policy and cannot afford to replace your handset, you will still have to pay your monthly subscription fees in terms of your legally binding contract.
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