We live in a generation where everyone is trying to cut expenditure, tightening the financial belt in all aspects of life - so, when it comes to insurance many people are reluctant to fork out the cash. This might be for a few reasons. Maybe it's down to the fact that smartphones can cost up to £500, and people don't not then want to part with even more money to insure their new toy! Or maybe it's because certain people think they are not clumsy and will never drop/break/have their phone stolen. Well. Here are the facts for you taken from different studies of iPhones and smartphones in recent years - they might surprise you!
FACTS
Around 20% of iPhone 4 users report accidentally damaging their phone - This is a rising number. Just think of how many of your friends have a crack in their iPhone - and how many of your friends phones have still got the crack on their phone due to lack of insurance.
Over 100,000 smartphones are stolen every year.
60% of car crimes are attributable to mobile phone theft - however no other policy will insure your phone (Regular household, office or motor policies etc.). Specialist mobile phone cover will only insure your phone.
Not many people actually have insurance - Recent surveys have revealed that actually over half of people who have smartphones don't actually have own smartphone insurance. As a result of this, a third of smartphone users have had to replace their phone before their contract runs out or gets upgraded. On top of that, 37% of people who have a 24 month contract have had to replace their handset before the contract ended.
iPhones and smartphones are too expensive to replace without insurance - 50% of people in a certain study (who had lost their iPhone or smartphone) refused to buy a new handset due to the escalation in price and economic climate.
Phones used to be cheaper than they are now, and yet people still have the same attitude with their expensive smart phone. Unfortunately accidents happen and even though we're really careful with our phone, there is still always a danger that something will happen to it; whether it is dropped, stolen or breakdown outside the warranty period. You really need to ask yourself could you afford to fork out for a replacement? The smarter thing might be to protect your investment with mobile phone insurance - you'd do it for you laptop or iPad wouldn't you?
In conclusion, be smart and be safe with your handset. Look into investing in some iPhone insurance or smartphone insurance to protect you, your phone and your pocket.
