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Mobile Phone Insurance

What can we say about the mobile phone market which has not already been covered a million times?

The cellphone insurance sector has grown beyond all estimates over the last 20 years and there are very few people in the developed world who do not have, or at least have access to, a mobile phone. Competition in the cellular phone sector has resulted in call charge reductions, although we are seeing ever more expensive handsets coming onto the market to satisfy consumer demand. Very often these mobile phones can cost hundreds of pounds and many people are now looking towards Mobile Phone Insurance cover.

When you sit back and consider how often you use your cell phone, the cost and the potential threat of theft it is surprising that more people have not looked at the Mobile Phone Insurance market. Initially many thought that the premiums were “dead” money as they were often covered on their household insurance, although now many insurance groups are refusing to cover them. Could you afford the cost of a new cellular phone if yours was stolen? Could you cover the cost of any criminal phone calls if your phone was used or cloned?

As the use and expense of mobiles continues to rise, it seems only a matter of time before the Mobile Phone Insurance market really comes to the fore. In many cases it is not “dead” money, and it can often avert a costly replacement fee for the owner!

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