Theft of mobile phones is on the rise and figures show that about 10,000 mobile phones are stolen every month in the UK. Besides there are others that are damaged due to careless handling or are lost.

Mobile phones today are several gadgets rolled into one and the convenience they offer is unmatched by any other. With built in camera, music and video player, and even internet applications, the gadget is truly an asset. Opting for mobile phone insurance cover is certainly a sensible thing to do to safeguard your asset.

Mobile phone insurance cover offers protection against theft, damage, loss, fraudulent calls, international cover, and sometimes, gives an extended warranty. A comprehensive mobile phone insurance cover that offers all of these is what most insurance companies provide albeit at different rates.

As in the case of car insurance or home insurance, what you need to look for while choosing mobile insurance is that the company should honor the claim. In the case of mobile insurance, the company should respond quickly to your claim and compensate you at the earliest because loss of mobile phone will throw your entire schedule and business out of gear. Most companies do promise to replace or repair the handset in about 48 hours.

The premium that you pay will fetch you most of the above-mentioned cover, but the catch is at that rate will you be compensated adequately for an expensive handset? That is where you need to use discretion and opt for mobile phone insurance cover according to your needs. A cheap cover may not be the right one for you if you own an expensive mobile phone.