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  1. Thread AuthorThread Author   #1  
    VZiPhoneFinally's Avatar
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    Default 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?
     Verizon iPhone 5 16GB / iPad 2 / MacBook Pro 13" 2.4 GHz (2010) 
  2. #2  
    scorpiodsu's Avatar
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    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.
  3. #3  
    shipwrestler125's Avatar
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    I used to get insurance but no longer I usually take good care of my phones and keep it in a case so I didnt get insurance this time.
  4. #4  
    aggieastrosfan's Avatar
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    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!
  5. #5  
    Ringfinger's Avatar
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    You need insurance for sure with this phone.
  6. #6  
    kch50428's Avatar

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    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.
    Keith - iMore Moderator - The Mobile Nations/iMore Forum Rules
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  7. #7  
    scorpiodsu's Avatar
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    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.
  8. #8  
    cdowner's Avatar
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    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
  9. #9  
    adamped92's Avatar
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    im geting squaretrade due to the fact of how many people i know whose lcd screens broke on their iphones way to easy
    DoctorK- It's like a traffic jam. You're all going to get there about the same time, but it's frustrating to see the other line of cars moving and you can't see anything blocking your lane ahead so you're not sure why your lane is stopped.
  10. #10  
    Darth-gamer's Avatar
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    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.
    iPhone 5 16GB / 21.5" iMac. 3.06GHz OSX Mountain Lion/ Apple TV 2nd Gen/ iPad Gen2, 16GB.
  11. #11  
    lcargile's Avatar
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    http://forum.tipb.com/verizon-iphone...nty-offer.html

    Try this out. She closed it for no apparent reason but you can still get the idea.
    "Not at the table, Carlos."
  12. #12  
    DoctorK's Avatar
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    I wasn't going to do it, but for $81 I thought the value with SquareTrade was too good to pass up. Lots of satisfied customers. I got one on each of our iPhone 4's (32GB).
    32GB Verizon iPhone
  13. #13  
    Blackbelt's Avatar
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    Square trade does not cover your device in case of loss or theft. I will contact my home insurance and add to my current home insurance rider for very little cost.
  14. #14  
    RC28's Avatar
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    Quote Originally Posted by Blackbelt View Post
    Square trade does not cover your device in case of loss or theft. I will contact my home insurance and add to my current home insurance rider for very little cost.
    The only prob with using your homeowners insurance is that if you need to use it, it could cause your policy premium to be raised. I checked with my insurance company, and they told me this would likely happen. It might be cheaper to go another route. YMMV.
  15. #15  
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    I bought insurance through Asurion. They way I look at it is... if you cant afford a few extra bucks to protect a very nice iPhone than you probably cant afford the phone itself. I recommend it.
  16. #16  
    scorpiodsu's Avatar
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    Quote Originally Posted by Garz View Post
    I bought insurance through Asurion. They way I look at it is... if you cant afford a few extra bucks to protect a very nice iPhone than you probably cant afford the phone itself. I recommend it.
    Yeah but I think the monthly cost for Asurion is absurd. At least with square trade you can transfer or cancel and get some of your money back. That much money for a monthly fee + a huge deductible. No thanks. But I know what you're saying.
    Last edited by scorpiodsu; 02-14-2011 at 03:16 PM.
  17. #17  
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    Quote Originally Posted by Lcargile01 View Post
    http://forum.tipb.com/verizon-iphone...nty-offer.html

    Try this out. She closed it for no apparent reason but you can still get the idea.
    There was an apparent reason. Duplicate thread so someone can try to make 5 bucks per referral.
  18. #18  
    scorpiodsu's Avatar
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    Quote Originally Posted by Blackbelt View Post
    Square trade does not cover your device in case of loss or theft.
    You know how many people would report their iPhone as lost when it isn't? Insurance companies take that risk everyday and they can higher an insurance premium to mitigate that risk. Would your insurance company make you pay your deductible first if something happened? Picture paying a $500 deductible if they did. It's an option but not the best in my book. My insurance company would cover no cost, but I'd have to pay the deductible.
    Last edited by scorpiodsu; 02-14-2011 at 03:17 PM.
  19. #19  
    Garz's Avatar
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    Quote Originally Posted by scorpiodsu View Post
    Yeah but I think the monthly cost for Asurion is absurd. At least with square trade you can transfer or cancel and get some of your money back. That much money for a monthly fee + a huge deductible. No thanks. But I know what you're saying.
    Yeah its a high ded but if I lose my phone, I dont want to pay $749 plus tax. I'd rather pay $200. The monthly fee break down to like .40 cents a day. Not a back breaker.
  20. #20  
    shimojunk's Avatar
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    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.
  21. #21  
    lcargile's Avatar
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    Quote Originally Posted by Garz View Post
    I bought insurance through Asurion. They way I look at it is... if you cant afford a few extra bucks to protect a very nice iPhone than you probably cant afford the phone itself. I recommend it.
    Whew...very inefficient program, at least the one that I was part of. The Asurion that I was offered was $10.99 a month with a $199 deductible (or $150, I cant remember.) That a month, so for 2 years it would cost $263 and some change PLUS the $199 deductible. For Squaretrade, its currently $80 plus only a $50 deductible if you need to use it. I make good money, but I also like to keep as much of it as I can.
    "Not at the table, Carlos."
  22. #22  
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    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.
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  23. #23  
    Blackbelt's Avatar
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    I just decided to go with the Verizon product replacement plan for $9.18 a month with $99 an incident. As my previous post indicated Square trade does not cover loss or theft. Verizon plan covers it all.
  24. #24  
    lcargile's Avatar
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    Quote Originally Posted by Blackbelt View Post
    I just decided to go with the Verizon product replacement plan for $9.18 a month with $99 an incident. As my previous post indicated Square trade does not cover loss or theft. Verizon plan covers it all.
    This was not actually an option for me for some reason.
    "Not at the table, Carlos."
  25. #25  
    Garz's Avatar
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    Quote Originally Posted by Lcargile01 View Post
    Whew...very inefficient program, at least the one that I was part of. The Asurion that I was offered was $10.99 a month with a $199 deductible (or $150, I cant remember.) That a month, so for 2 years it would cost $263 and some change PLUS the $199 deductible. For Squaretrade, its currently $80 plus only a $50 deductible if you need to use it. I make good money, but I also like to keep as much of it as I can.
    yes sq trade is very affordable but it doesnt cover loss or theft. Just depends what important to you. To me, that is very. I also upgrade every 12 months so its $132 for me to insure it that year
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