Paul Sanchez
Mobile phone insurance is designed to protect your phone against common situations like theft, loss, accidental damage, and mechanical breakdown. While some people opt for standalone gadget insurance, it is also possible to add your phone to your home contents insurance, which can sometimes be a cheaper option. Compare the Market does not offer standalone gadget insurance, but it can help you compare home contents insurance that could offer cover for your devices.
Compare the Market and Mobile Phone Insurance
| Characteristics | Values |
|---|---|
| Standalone Gadget Insurance | Not offered by Compare the Market, but some insurance providers offer it |
| Adding Devices to Home Insurance | May be a cheaper option than standalone gadget insurance |
| Home Contents Insurance | Compare the Market can help find insurance with personal possessions cover to protect gadgets at home and away |
| Instant Cover | Some specialist policies offer instant cover if the phone is less than 60 days old |
| Higher Cover Limits | Specialist policies often have higher cover limits and may allow repairs at local stores |
| iPhone Insurance | Compare the Market does not currently offer a comparison service for specialist iPhone insurance |
| Bundled Cover | Some policies allow cover for other Apple products under the same policy, often at a discount |
| Exclusions | Theft from leaving the phone unattended, theft with no signs of forced entry, intentional damage, and non-manufacturer-approved accessory repairs |
| Deductible | Higher deductibles lead to cheaper premiums |
| Payment Frequency | Annual payments are often cheaper than monthly payments |
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What You'll Learn
- Compare the Market doesn't offer standalone mobile phone insurance
- You can compare home contents insurance that covers your phone
- You can add accidental damage insurance to your contents insurance
- Instant cover — some specialist policies offer instant cover for new iPhones
- iPhone insurance has added protection for Apple technology and services
Compare the Market doesn't offer standalone mobile phone insurance
Mobile phones are an essential part of everyday life, and their value is not just sentimental. Top phone models can cost more than £1000, and with long-term contracts, you'll have to continue paying even if the phone breaks. This is where mobile phone insurance comes in. It is designed to protect your phone against common situations like theft, loss, or accidental damage.
While Compare the Market does not offer standalone mobile phone insurance, it can help you compare home contents insurance that could offer cover for your devices. To get a quote, you will need some basic information about your home and gadgets. Once you've answered the questions in the comparison service, you will be provided with a list of suitable quotes. The results will also show you optional extras you might want to consider, such as accidental damage insurance.
Before taking out mobile phone insurance, it is essential to check what is covered and what is not. Policies usually do not cover breakdowns covered by the manufacturer's warranty, loss or theft due to negligence, phones without a receipt or proof of purchase, or older phones not refurbished to manufacturer standards. Additionally, some insurers may have a limit to the number of theft or loss claims you can make within a year.
It is also worth noting that some policies only offer cover for older models, so check with the insurance provider if you have one of the latest handsets. The level of cover you want and whether you pay annually or monthly will also affect the cost of your premium. Finally, consider how much excess you want to pay, as a higher voluntary excess will result in a cheaper premium.
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You can compare home contents insurance that covers your phone
Most contents insurance policies will cover your mobile phone when it's in your home, just like other personal belongings or valuables. You'll be covered for loss or damage in a fire, storm or flood, and theft too. However, this will only cover the phone itself, and not any fraudulent calls. Your standard policy excess will also apply in a claim.
If you want your contents insurance to cover your phone outside of your home, you'll need to add worldwide accidental loss or damage cover, also known as 'all risks insurance'. This will cover your personal belongings, phones, and other devices. You may need to list your phone as a 'specified item' when buying or renewing your home insurance.
You can also add personal possessions cover to your home insurance policy for an extra cost, which could cover your gadgets when you take them outside. This will protect your phone from theft and accidental damage.
Before taking out a separate mobile phone insurance policy, it's worth checking if you can add your phone to your home insurance, as this could be a cheaper option.
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You can add accidental damage insurance to your contents insurance
Adding accidental damage insurance to your contents insurance can provide coverage for sudden mishaps and unexpected damage to your belongings. This includes dropping and breaking your phone, spillages, or putting your foot through the ceiling. Some insurers may also cover accidents caused by pets, such as a puppy knocking over your TV. It is important to note that accidental damage insurance typically covers events that occur within the home, and you may need additional cover for incidents that happen outside.
When considering adding accidental damage insurance to your contents insurance, it is essential to review your policy carefully. Some contents insurance policies already include accidental damage cover, while others may require you to pay an additional fee to add this coverage. The cost of accidental damage coverage can vary between insurers and depends on the level of cover chosen. It is worth noting that some policies have high excess amounts, which is the agreed-upon sum you must pay when making a claim. Therefore, it is crucial to assess whether the cost of adding accidental damage insurance is worth the potential benefits.
Additionally, it is important to understand the exclusions and limitations of accidental damage insurance. For example, damage caused by pets, water ingress, or an empty home for an extended period may not be covered. It is also essential to distinguish between accidental damage insurance and gadget insurance. Gadget insurance is typically a standalone policy that specifically covers electronic devices, such as smartphones, tablets, and laptops. While adding accidental damage insurance to your contents insurance may cover some gadget-related incidents, a separate gadget insurance policy can offer more comprehensive coverage, including digital download protection for paid music, films, and books.
When deciding whether to add accidental damage insurance to your contents insurance, it is beneficial to compare different insurance providers and their respective policies. Websites like Compare the Market allow you to compare home contents insurance quotes and optional extras, such as accidental damage coverage. By providing basic information about your home and gadgets, you can receive a list of suitable quotes and make an informed decision about the level of protection needed for your belongings. It is always a good idea to carefully review the terms, limits, and exclusions of each policy to ensure that your valuable items are adequately covered.
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Instant cover — some specialist policies offer instant cover for new iPhones
Instant cover for new iPhones is available from specialist insurance providers such as Gadgetsure and Cover My. These policies can provide peace of mind and financial protection in the event of damage, loss, or theft of your iPhone. For example, Gadgetsure offers comprehensive insurance with instant cover, unlimited claims and repairs, and prices starting from £3.53 per month. Cover My also offers instant cover for iPhone insurance and allows customers to design their own ideal cover to suit their needs and budget.
While Compare the Market does not offer standalone gadget insurance, they can help you compare home contents insurance policies that could offer cover for your iPhone and other devices. It is worth noting that some home insurance policies may already provide sufficient cover for your gadgets, so it is recommended to review your existing policy before considering additional insurance.
When considering instant cover for your new iPhone, it is important to carefully review the terms and conditions of the policy. For example, it is essential to understand what types of incidents are covered, such as accidental damage, loss, or theft, and whether there are any geographical limitations, such as coverage only within the United Kingdom. Additionally, be sure to clarify any requirements for documentation, such as proof of purchase and the need to report a theft promptly.
Specialist instant cover policies for iPhones can provide valuable protection, but it is worth weighing your options and comparing different insurance providers to find the most suitable and cost-effective solution for your needs. This may include considering the cost of the insurance relative to the value of your iPhone and the likelihood of needing to make a claim. By carefully evaluating your options, you can make an informed decision to ensure your device is adequately protected.
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$9.97 $19.99
iPhone insurance has added protection for Apple technology and services
Compare the Market does not offer standalone gadget insurance. However, it can help you compare home contents insurance that could offer cover for your iPhone. To get a quote, you will need some basic information about your home and gadgets. You can also add personal possessions cover, which could cover your iPhone when you take it outside.
If you are looking for iPhone insurance with added protection for Apple technology and services, you can consider AppleCare+. AppleCare+ with Theft and Loss is the only service that provides one-stop service and support from Apple experts, so most issues can be resolved in a single call. It provides 24/7 priority access to Apple experts via chat or phone, same-day service in most major metropolitan areas, express replacement service, mail-in repair, and carry-in repair. With AppleCare+, you get unlimited incidents of accidental damage protection and up to two incidents of theft or loss coverage every 12 months.
AppleCare+ also includes troubleshooting support for your iPhone and Apple-branded apps. You can purchase AppleCare+ with Theft and Loss with your new iPhone, or you can buy coverage later on your iPhone by going to Settings > General > AppleCare & Warranty. AppleCare+ with Theft and Loss coverage requires you to have Find My enabled on your device at the time it is lost or stolen and throughout the claims process.
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Frequently asked questions
No, Compare the Market does not offer standalone mobile phone insurance. However, it can help you compare home contents insurance that could offer cover for your mobile phone and other devices.
Mobile phone insurance is designed to protect your phone against common situations like accidental damage, theft, loss, and mechanical breakdown. It can also cover the cost of manufacturer parts for repairs, so you avoid using non-manufacturer-approved parts that could prevent you from taking out insurance in the future.
The cost of mobile phone insurance varies depending on the level of cover you want, whether you pay annually or monthly, and the amount of excess you're willing to pay. It's worth noting that some policies only offer cover for older models, so check with the insurance provider.
When choosing a mobile phone insurance provider, it's important to read the policy documents carefully to understand what is covered and what is not. Check for exclusions and limitations, such as theft from an unattended phone or intentional damage. You may also want to consider the cost of the insurance and whether it's worth it for the level of cover provided.
