Jeffrey Wade
State Farm offers homeowners insurance that provides coverage for homes and personal property in the case of a covered loss. Personal property includes items such as furniture, appliances, clothing, jewelry, and collectibles. While State Farm previously offered insurance for cell phones, including iPhones, through a personal articles policy, recent sources indicate that they no longer provide coverage specifically for cell phones. However, State Farm may still provide coverage for accidental damage to a cell phone under certain circumstances, such as when the damage occurs due to an accident involving another party with State Farm insurance.
| Characteristics | Values |
|---|---|
| Does State Farm cover cell phones on homeowners insurance? | State Farm no longer covers cell phones on homeowners insurance. |
| Cost of cell phone insurance | $30 for 1 year |
| Deductible | No deductible |
| Coverage | Covered loss, theft, etc. |
| Reimbursement | State Farm will pay what the phone is worth. If the phone is repairable, they will pay the repair price. If it's "totaled" then they'll pay the value of the phone. |
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What You'll Learn
State Farm used to insure iPhones
State Farm used to offer insurance for iPhones, in addition to other personal property insurance policies. Several sources indicate that State Farm would insure iPhones as long as the customer had another policy with them, such as a homeowners insurance policy. The cost of this insurance was $30 for a year, with no deductible, and covered loss, theft, etc.
However, State Farm no longer insures iPhones or any other cell phones. Many customers received letters stating that their iPhone insurance policies were being cancelled because State Farm no longer covers cell phones. One customer was told that the reason for this change was due to a large number of fraudulent claims.
Despite this, State Farm still offers insurance for other personal property, including laptops. Additionally, some customers have reported that State Farm has covered the cost of replacing their iPhone when it was damaged in an accident caused by another State Farm customer.
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They stopped covering cell phones in 2007
State Farm used to offer insurance for cell phones, including iPhones, as long as the customer had another policy with them. However, in 2007, State Farm stopped covering cell phones, and customers received cancellation notices for their cell phone insurance policies. The reason given by State Farm was that they "no longer insure cell phones, PDAs, or portable music devices."
Some customers expressed frustration at this change, particularly those who had multiple policies with State Farm, including homeowners insurance, and had been satisfied with having their cell phones covered. They argued that a device like the iPhone was a combination of a cell phone, PDA, and music device, but State Farm agents did not seem receptive to this argument.
Despite State Farm's decision to discontinue cell phone insurance, customers can still seek alternative options. Some customers have shared their experiences of obtaining a personal articles policy from State Farm, which covers iPhones and other PDA devices, albeit at varying rates depending on the state. Others have recommended shopping around for different insurance providers or agents, as some State Farm agents may be more accommodating than others.
While State Farm no longer covers cell phones under their homeowners insurance policies, customers can explore the option of a personal articles policy or consider alternative insurance providers to meet their specific needs.
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Customers received a letter informing them of the cancellation
Some customers expressed frustration at this change, particularly those who had already paid for a policy and then received a cancellation notice. In some cases, customers were initially told that their iPhones were covered, only to be informed later that their policies were being cancelled. This may be due to a memo sent to agents in March or May, informing them that State Farm would no longer be insuring cellphones.
State Farm's decision to stop covering cellphones may be due to the large number of fraudulent claims associated with them. Additionally, some customers were informed that State Farm no longer insures PDAs or portable music devices, which are functionalities included in iPhones.
Despite the cancellation of cell phone insurance, State Farm continues to offer a range of insurance products, including homeowners insurance, auto insurance, and personal articles policies, which can cover items such as jewelry, laptops, and other personal property.
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State Farm will pay for a new phone if their driver ruins yours
State Farm used to offer insurance for cell phones, including iPhones, as an add-on to existing policies, but they no longer do so. This insurance typically cost $30 for a year of coverage with no deductible and covered loss, theft, and damage. However, State Farm stopped offering this coverage due to a large number of fraudulent claims.
If you are a State Farm customer and want to insure your cell phone, you may be able to add it to an existing "personal articles policy." This type of policy provides broader financial protection against theft, accidental damage, or loss for personal property that is not permanently attached to your home or land. Jewelry, collectibles, fine art, furs, and engagement rings are some examples of items that can be covered under a personal articles policy. The price for this type of policy is usually based on a specified dollar amount for each $100 of coverage and can vary depending on factors such as location and the type of property being covered.
It's important to note that State Farm may be more willing to offer this type of coverage to existing customers who already have other policies with them, such as homeowners insurance or auto insurance. Shopping around and speaking to multiple agents may increase the chances of finding coverage for a cell phone as part of a personal articles policy.
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State Farm will only pay what the ruined phone is worth
State Farm does not offer insurance for cell phones as a standalone policy. However, it previously offered a "personal articles policy" that covered cell phones, but this is no longer available. This policy was available to existing customers with other insurance policies through State Farm, such as homeowners insurance or car insurance. The personal articles policy provided additional coverage for specific personal belongings beyond what was included in a standard homeowners or renters policy.
While State Farm no longer offers specific insurance for cell phones, it may still provide coverage for a ruined phone under certain circumstances. If a State Farm policyholder's phone is damaged due to an accident caused by another person who is insured by State Farm, the company may reimburse the policyholder for the value of the phone. In this case, State Farm will only pay what the ruined phone is worth, not the cost of a new phone. For example, if the ruined phone is an iPhone X, they will pay the policyholder the cost of an iPhone X in the same condition, not the cost of an iPhone 14 Pro Max.
State Farm's decision to discontinue cell phone insurance may be due to the high number of fraudulent claims associated with these devices. Additionally, State Farm may prefer to offer insurance for cell phones as an add-on to existing policies rather than as a standalone policy. This approach allows them to maximize profits while providing cheap insurance rates to their existing customers.
It is important to note that insurance policies can vary, and there may be exceptions to State Farm's general practices regarding cell phone coverage. Policyholders should carefully review their specific policy documents to understand their coverage and any exclusions or limitations.
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Frequently asked questions
State Farm does not cover iPhones under their homeowners insurance. However, they may cover iPhones under a separate personal articles policy.
A personal articles policy is an insurance policy that covers specific personal belongings, each with their own separate coverage amount. State Farm offers personal articles policies that cover items such as jewelry, wedding gifts, and electronics.
The price of a personal articles policy from State Farm is typically based on a specified dollar amount for each $100 of coverage, and can vary depending on factors such as location and the type of property being covered. For example, the cost to insure an iPhone may range from $30 to $92 per year.
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