- iPhone Intermediate
- 167 Posts
Insurance or no insurance?
So with all of the threads going on about which insurance provider offers the cheapest rate I am curious who is getting insurance and who isn't. I personally have never had insurance for any of my phones and luckily have never needed it. I am extremely careful with my phones and never drop or damage them. Is there anyone else like me or are most of you getting insurance?
- 02-14-2011, 12:47 PM #2
I had insurance on a couple phones years back. It's funny because I always had insurance on the cheap phones but never once on any high end device and none of the iPhones I've owned. I did have a squaretrade warranty on the iPhone 4 when it first came out because I didn't know what was going to happen with the glass front and back. But I canceled it within the first money and got my money back. I only needed the insurance 1 time and it worked fine. Was thinking about getting another square trade warranty but still not sure. If I do it would just be me thinking of it as an investment to help resale value of it when I sell it.
- 02-14-2011, 12:50 PM #3
- 02-14-2011, 12:51 PM #4
My 3rd gen iPod touch that was a gift from my mom had a rough life - cracked digitizer, and then 6 months later I cracked the LCD. I bought insurance when I upgraded to the 4th gen, and just bought the Squaretrade warranty this morning. $80 to insure a $700 device for 2 years is well worth ths money to me - I'd much rather have it and not need it than need it and not have it!
- 02-14-2011, 12:54 PM #5
- 02-14-2011, 12:56 PM #6
I went with Get iPhone Insurance and laptop insurance with a Worth Ave Group Insurance Policy - for loss/theft aspect of the coverage in addition to accidental damage. It's like any insurance - better to have and not need than need and not have.
- 02-14-2011, 01:00 PM #7
Insurance is necessary depending on the user. I agree that it's better to have just in case you do need it but I've had every iPhone and never needed insurance. Sure, I know it only takes one time but I'll take that risk. Now my wife.... that's a different story. That's a woman that left her iPhone in her pants pocket and washed it. Yeah.
Also a device that costs as much as this does to be replaced can be covered under your renters/homeowners insurance. You just have to follow your company's process to make specific items covered. Mine is covered for no additional cost. Of course, it's not as convenient as other insurance options but I take free any day.
Last edited by scorpiodsu; 02-14-2011 at 01:04 PM.
- 02-14-2011, 01:04 PM #8
I've always had insurance on my phone through Asurion/Verizon (my parents got it for me with my earlier ones since I was traveling to and from school etc and then I chose to keep it up myself in case of drop/emergency/other). Knock wood I've never needed to use it for a fix/replacement but it's nice knowing it's there in case
- 02-14-2011, 01:19 PM #9
- 02-14-2011, 02:00 PM #10iPhone Experts
- 767 Posts
I'd just like to point out that how careful YOU are is only part of your consideration on weather or not you might want insurance. I am EXTREMELY careful with my electronics. That doesn't mean that a friend/coworker/stranger couldn't step on it, run it over, spill something on it. You also have no control over electronic failures. It's like if you are driving. I don't care if you are the best driver in the world. Not everyone is, so you could easily have someone hit you. I went for SquareTrade when they had the $81 deal going.
- 02-14-2011, 02:24 PM #11
- 02-14-2011, 02:26 PM #12
- 02-14-2011, 02:53 PM #13
- 02-14-2011, 02:56 PM #14iMore Intermediate
- 233 Posts
- 02-14-2011, 02:57 PM #15
- 02-14-2011, 03:12 PM #16
Last edited by scorpiodsu; 02-14-2011 at 03:16 PM.
- 02-14-2011, 03:13 PM #17
- 02-14-2011, 03:15 PM #18
Last edited by scorpiodsu; 02-14-2011 at 03:17 PM.
- 02-14-2011, 03:20 PM #19
- 02-14-2011, 03:33 PM #20
My iPhone is being delivered today. I'm not going to get insurance because if it gets damaged or lost (knock on wood), then I will just reactivate and use my blackberry for the remainder of the 2 year contract.
That's ridiculous spending that much money for insurance on a phone.
- 02-14-2011, 03:35 PM #21
- 02-14-2011, 03:47 PM #22
I have been reading all of the responses on here about SquareTrade and while I am convinced that this is a good warranty what concerns I have is this: I called them to get the actual info on how it works if i buy the warranty and I drop my phone and break the display. They told me I have to send it in after making a claim online or calling and they send me a prepaid label. They try and repair it within 5 days and if they can't my cost is waived but I would then have to go buy a new phone where they subsidize the cost up to full retail depending on what phone I buy... 16gb or 32 gb.
What concerns me is that I would for example have to come up with $599.00 for the 16gb and then they would reimbuse me. What if someone does not have that money? I am only asking. There are a few concerns I have about this so I hope someone will answer this thread and settle my concerns about how the warranty actually works.
- 02-14-2011, 04:00 PM #23
- 02-14-2011, 04:14 PM #24
- 02-14-2011, 04:19 PM #25