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Phone Insurance
At a basic level, mobile phone insurance covers you in case your phone is lost, stolen or broken.
If you’ve just signed up for a new mobile phone deal or upgraded your handset, chances are someone has tried to sell you mobile phone insurance. But do you need it?
It generally comes down to three things:
- The value of your phone (if you own it outright)
- The contract repayments if you have a mobile contract
- The inconvenience of replacing a lost or damaged phone
If you’d find it difficult to find the money or time to either replace your phone or continue paying a contract, then you could consider buying insurance.
Mobile phone insurance doesn’t have to be taken out with your phone provider - many third party insurers can provide cheaper protection and it is worth shopping around. Cover can sometimes be provided with your bank account, so it’s worth finding this out before buying your own.
As with all insurance, check exactly what your phone is covered for before signing up for it.
More more information on phone insurance, check this out from the Money Advice Service
You can contact the Money Advice Service on 0300 500 5000 (or 0300 500 5555 for Welsh) Mon - Fri 8am-8pm, Sat 9am-1pm. There’s also an online chat function on their site.
You can contact Meic for free via online chat, text (84001) or phone (080880 23456).
