In last five years, the innovation in mobile technology has made the usage of smartphones very common. Smartphones with their advanced features have made handsets expensive. iPhone and Android handsets can cost hundreds of dollars.
But unfortunately any mishap can happen with the smartphone. It can slip out of your hand or fall into the swimming pool or may be left behind somewhere never to be found again. Also there are chances of the smartphone getting stolen or being misplaced. The number of victims of smartphone theft in America is every increasing. There are also chances that you might have dropped it accidentally and now living with a cracked screen or a damaged device. If any of this happens, one needs to buy a new phone which might cost hundreds of dollars. Phone insurance is the only option in such a scenario. One important thing to note, these insurance policies cover mechanical breakdowns and accidental damages but generally do not cover theft.
Smartphone Insurance Plan By eGranary
One solution is to sign up for Cell Phone Insurance. Paying a minimum amount every month adds to a small amount at the end of the year. But that accident might have caused you expensive! Taking advantage of the insurance and getting a brand new phone is advisable. But on the other hand if your phone gets displaced it is not necessary that you get a better phone in return. When you get your phone replaced you also need to pay a deductible amount something around couple of dollars. Personal Article Insurance Policy is another option for insuring your mobile. A regular insurance company can offer to cover your phone at even half the cost. Moreover you need not pay the deductible amount with this policy.
In case you don’t want to waste your hard earned money on a new expensive smartphone and the monthly fee you pay over a period of two years, then a second hand phone is a good option. Another alternative is to save the monthly insurance cost and use the money to replace your smartphone when there is an emergency. One seriously needs to rethink, whether the insurance policy is necessary for expensive smartphones we use every day. The personal article insurance policy might give you peace of mind, as it has a reasonable cost. But if one is careful with his possessions and has never lost a mobile, then think again if insurance is actually required.
Research has shown that decision to get a cell phone insurance truly depends on the type of person. Some people are too clumsy and accident prone and tend to drop their handset more frequently. For these people insurance is really worth paying. On the other hand there are customers who appreciate the peace of mind and enjoy the security, these insurance plans provide.
These priced insurance plans are worth the money for those customers who own highly expensive smartphones like iPhone 6 or the Samsung Galaxy S5. One of the cheapest protection plans provided by any of these companies can cost around $300 over 24 months to protect an iPhone 6 or the Samsung Galaxy S5 against physical damage, loss or theft.
Carriers like AT&T, T-Mobile, Verizon and Sprint follow similar smartphone insurance plan. Each of them have a monthly fee, a deductible amount for each claim made, and a claim amount for each mobile. The deductible amount will change with each provider and also with the type of mobile being covered. Some carriers like AT&T have deductible pricing, categorized into three tiers depending on the price of the smartphone. Apart from manufacturer’s insurance plan and carrier’s insurance plan, there are also third party insurance providers that cover your smartphone and eGranary is a prominent name in this space. Based in the heart of Silicon Valley, eGranery provides the best ‘Protection Plans’ to protect customer’s valued smartphones.
In a nutshell, mobile phone insurance can save hundreds of dollars and give peace of mind knowing that the handset is protected no matter how carelessly it is handled. There are plenty of protection plan options in the market but one has to choose judiciously and eGranary is a good choice. Picking the right plan can be a complicated process!