Skip the insurance on your cell phone

Submitted by a LOZO expert
      no votes yet


Did you know...?
Add this page to a special LOZO bookmarks section for easy one-click access. Login to save these bookmarks to your LOZO account to access from anywhere, otherwise they will be saved on this computer only.
Login now
Save on this computer
Along the same lines as our "keep it simple" recommendation, phone insurance is rarely a good investment. If you pay $5 per month, that's $60 in a year. Then add in a $50 deductible and the "free" replacement phone just cost you $110 (or $60+ wasted if you never need it).

Insurance might make sense if your phone costs $500 or more, but even then, you're probably better off spending a few dollars on a good case as a much cheaper form of protection. 

If you're still considering insurance on your cell phone, be sure to ask how much the insurance costs, exactly what it covers (and doesn't cover) and how much your "deductible" will be if you need a replacement. This way, you'll be making an informed decision.

A LOZO expert posted this tip.


User Comments