Before you opt for mobile phone insurance, it would be worthwhile to check out the following to see if you are already covered.

Home contents insurance: When you opt for such a policy, chances are that most of your valuable and electronic gadgets that you need whilst outdoors are covered. If not, it might be worth adding to your cover and still work out cheaper then actual mobile insurance.

Current Account package: Many banks offer various types of insurance cover, including mobile phone insurance, when you open a premium account with them, under that particular scheme. So be sure to find out if you already have a mobile phone insurance cover.

Mobile phone provider: You sometimes get insurance cover when you buy or register your mobile with a network provider. The premium amount is usually built-in with your monthly bill amount. They may give you a free promotional offer or you may have to pay a small one-time fee to have it activated.

As with any of these offers, you are not obliged take them unless your needs are covered by their policy. What you need to do is to check out what kind of protection they offer you. If the company offers you no overseas or no unauthorised call cover, it would be a good thing for you, as you would be protected if someone else makes fraudulent calls using your mobile phone. Also, you have to bear in mind that the amount of premium on your mobile phone insurance will depend on the age, value and the level of service you opt for.