Mobile phones are little gadgets that keep getting more advanced, and expensive too, with passing months. Mobile phone thefts are on the rise and very often, damage to the gadget happens rather easily, because people nowadays are so dependent on the handset.

Mobile phone service providers now provide mobile phone insurance along with the phone plan that people opt for when they buy the mobile phones. There is huge potential in this market segment and mobile service providers are better placed to provide insurance cover to their clients. Moreover, the mobile service provider can offer the insurance cover at much cheaper rates, because they already have the necessary infrastructure, so they are in a position to provide refurbished or new mobile phones or individual parts as replacements. In case of theft, they can deactivate the phone number as soon as you inform them. Moreover, such insurance companies can be trusted to honor your claim.

When you opt for mobile phone insurance through your phone provider, you can have the plan activated in a couple of minutes online. The insurance premiums are built-in into your monthly phone bills, as soon as your mobile phone insurance is activated.

Generally, you are covered for stolen phones, where you have to provide proof of theft by way of an incident number from the police records. You will also be covered against fraudulent use in such cases. Most companies provide cover for phone damage of any kind such as shattered glass or water damage, which is quite common.