Home contents insurance policies provide protection to your home and the valuables that are kept therein. Many people are advised to use to the home contents cover and extend it to their mobile phones, as a way to save money on the premium. At first, this may seem sensible, but it be not be so.

A dedicated mobile phone insurance policy is definitely a better option for your handset. One of the reasons being that in case of theft or damage, your insurance company will quickly process your claim and either have your handset repaired or replaced. A home insurance company may take considerably longer. It is often not worth using your home contents cover for your mobile as a claim on your mobile can affect your no claims bonus on the home content insurance.

It is imperative that you report your loss as quickly as possible. The quick response by the network company is of importance as the company bars further use of the handset within minutes. If you fail to do so within a stipulated time, your insurance may be invalidated.

Another benefit of a dedicated mobile phone insurance cover is that you get cover against fraudulent calls made using your stolen mobile phone. While this is a non-issue for Pay As You Go users, contract customers will be liable to pay up the huge bills, if they do not have the fraudulent calls cover.

Considering these benefits, the premium that you pay is definitely worth the peace of mind that mobile phone insurance cover can get you. And if you do not lose or damage your handset, the no-claims are always there.