Mobile phone insurance policies can offer financial protection against:
Some policies also offer specific cover for water damage, cracked screens and when you take your phone abroad.
As with most insurance policies, you have to pay an excess before you can make a claim. For phone policies these range from €25 to over €100.
It depends on your handset and the level of cover you choose.
A basic mobile phone insurance policy could cost less than €5.00 per month, but a more comprehensive policy for an expensive phone could cost up to €14.00 per month.
If you’re looking to insure multiple handsets or gadgets for your business, you could save with a corporate policy or multi-gadget insurance.
Before you decide whether to pay for mobile phone insurance it’s worth understanding if you’ve already got cover in place, and what it actually protects you against.
You may have some cover on your home insurance policy, but the excess is likely to be much higher than mobile phone insurance.
The cover you get with your home insurance will usually be less comprehensive than dedicated mobile phone cover.
Your mobile phone travels with you everywhere but accidental damage, loss or theft away from the home won’t be covered by a standard contents policy. Most home insurers won’t cover unauthorised calls made on your phone if it’s stolen either.
Another factor to consider is any claim for your mobile phone may also result in higher monthly premiums or a long wait to have your claim processed.
If you’re not sure exactly what your home insurance offers, contact your insurer to check.
If you’ve got a new mobile phone contract then your handset may be protected by your manufacturer’s warranty if it breaks.
However, the warranty will only protect you if there is a fault with your handset.
This means you’ll be left out of pocket if your phone is:
If you do decide you need mobile phone insurance, here’s how to pick the best value cover:
This should give you several options to choose from and help you find the cheapest possible price.
Contact your insurer as soon as possible after you discover your phone has been stolen, is lost, accidentally damaged or develops a fault.
There will be a claims number to call on your policy schedule or you may need to complete an online form.
If your phone has been lost or stolen, you must contact your network provider as soon as you can so they can block the number and stop anyone else from using it.
If your phone is stolen, you must report it to the police and request a crime reference number. You will need it to support your claim.
That will depend on your insurer. Some offer unlimited claims, whereas others may put a cap on how many times you can claim per year. Always check your policy schedule to find out about claim limits, policy excess and any exclusions.
You will need to contact your mobile phone insurer to let them know as soon as possible. You will need to provide your policy number and the make and model of your new phone.
The IMEI (International Mobile Equipment Identity) is a unique number for identifying your handset on a mobile network.
The IMEI has 15 digits and is assigned to every phone. You will need it if your handset gets lost or stolen so it is worth taking a screenshot or noting it down.
You can access it by dialling *#06# or via Settings > About or you can find it under the removable back cover, under the SIM tray or simply on the back of the phone. You may also find it with the original packaging.
It only takes a few minutes to find a cheaper deal and start saving.