Different people have different opinions about insurance for mobile phones. While most people would hate to spend that extra monthly premium, there are others, who would not have it any other way. This is especially true for those who love buying the latest gadgets and they would gladly go for the latest mobile phone with enhanced features. Considering the rising number of mobile phone thefts and the fact that a new mobile phone that hits the markets will most certainly be highly priced, there is sense in opting for insurance for mobile phones. The cost of insurance would be £5 to £7 per month and an excess of £25 or thereabouts.

So for some people, with a cheaper phone, they may feel that if they are careful, then the price of the premium would soon add up to the price of the new phone. However, most people prefer the peace of mind that the small monthly payment gives. You can never predict when you may get caught in a phone-damaging deluge for example! Other scenarios that you may not have thought of would include technological failure – the phone just stops working. This often happens when your phone is just out of warranty and phone insurance would cover you here too.