Mobile Phone Insurance

In this article, we’ll explore the different ways you can insure your mobile phone, what type of cover is available, and what to consider when choosing mobile phone insurance.
Mobile phone insurance

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What is mobile phone insurance?

Mobile phone insurance covers all or some of the cost of repairing or replacing your mobile phone1. You may need to make a claim if your phone becomes lost, damaged or stolen.

Insuring your mobile phone with a home & contents policy

Contents insurance covers the personal items in your home if they become damaged or lost2. Most people combine their home and contents insurance policies into a single policy2.

You may be able to add your mobile phone to your existing contents insurance policy, which could be a cost-effective way of covering your phone1. You’ll need to request specific cover for a mobile phone, as many ‘personal effects’ or ‘portables’ extras cover won’t insure mobile devices1.

Adding your mobile phone to your home and contents insurance will increase your premium1.

Taking out separate portable cover for your mobile phone

If you don’t have contents insurance, a separate portable cover insurance policy is an option1. However, this can work out more expensive than adding your mobile phone to an existing contents policy1.

It’s also worth noting that you may not be able to take out a policy if your phone isn’t brand new.

What do I need to consider when taking out mobile phone insurance?

Devices such as mobile phones lose value quickly, so your insurance policy is most valuable when the product is brand new. When choosing mobile phone insurance, you should compare the cost of your annual premiums plus the excess cost with the actual value of the phone.

Finally, not all insurance policies cover accidental loss, so check whether this is included in your policy (especially if you’re accident-prone!).

What if I change my mind after taking out mobile phone insurance?

Insurance policies come with a cooling-off period, which is usually 14-21 days. If you change your mind, you can cancel your policy within this time. Be sure to check your policy for details of the cooling-off period and any other conditions that may apply.

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