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Cell phone insurance coverage is an excellent option particularly for those who purchase expensive phones or those who have had problem in the past with damaged, lost or stolen cell phones. This coverage can be purchased either through your existing cell phone provider or through a third party insurance company. It is important to note that your actual coverage will depend on certain factors such as the type of cell phone you have, the company with which you purchase coverage and your individual policy.
While most cell phones come with a manufacturer's warranty, these warranties typically only cover defects in the phone that is caused by the actual phone and only last for a few months. If your phone has outlived its manufacturer's warranty, cell phone insurance can help to ensure that you are completely covered should something happen to your phone after this warranty has run out. This insurance is designed to offer protection for your phone against such things as damaged, lost or stolen merchandise.
Your cell phone insurance policy will outline just what is covered in that particular policy. Generally, damage to your cell phone by dropping, hitting or other means is covered as is having your phone lost or stolen. Again, your individual coverage will depend not only on the company that you choose for your insurance but on the individual policy as well. Be certain that you know exactly what is covered in your policy before you sign the dotted line. Many consumers have purchased cell phone insurance only to learn that certain things are not covered. This can lead to you being forced to purchase a new cell phone out of pocket. When you have cell phone insurance, you should receive a replacement phone or even a cash payment that you can use to purchase a new phone, again depending on your insurance company and your individual policy.
It is important to understand that there is a major difference between cell phone insurance and a manufacturer's warranty that typically comes with the purchase of a new cell phone. Your manufacturer's warranty will likely only cover defects that come with your phone when you first receive it. Although many warranties cover the phone for up to a year, these warranties are often very limited in just what they will cover. If you have to send your phone in for a manufacturer's defect, you will need the original box and all the paperwork that you received when you first purchased the phone. If you have a problem with your phone after your warranty has expired, you will likely be looking at bearing the expenses for replacing the phone yourself. Cell phone insurance on the other hand, provides protection for your phone for things that your original warranty will simply not cover. If your phone is lost or stolen, or if you incur damages to your phone through a certain series of events, your cell phone insurance will cover the expense of replacing your cell phone minus any deductibles that your policy may outline.
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