I compared the UK & US posts as I was curious. The US has mobile phone insurance and Income Protection Insurance as well (Aflac is big brand here).
Side note: mobile phone insurance is a scam. One should buy their phone outright and have enough in savings to self-insure such that they can replace their mobile phone on their own. If you can’t afford to replace your phone yourself, you need to buy a cheaper phone and live within one’s means.
Another side note for the US: There is no such thing as a “free phone”. Anything “free” is built into the monthly contract fees - and the proof is that one can get a contract for half the cost in most cases when they bring their own phone. US$20 when you bring your own phone vs. US$40 or more for “free” phones.
Haha I think this one depends on the individual person… I don’t personally take out phone insurance, but if you know you are particularly clumsy, or if you have a really bad track record with looking after your phone, then spending a small sum of money each month makes sense?
Get a really tough and/or waterproof case and a tether for your phone to a leash if need be? To each their own, as you say.
But here in the US it is still not a good deal. It typically has a $100 deductable and only covers 1 phone replacement per year. So that’s $100 plus $60/year to $120/year (cheaper phones are typically $5 per month to ensure and more expensive phones are $10 or even more per month to insure) to cover 1 phone/year replacement, and the replacement phone will be used, not new. I guess that could be a good deal for some, but I can get used replacement phones for that cost. For each year a phone survives, that’s another $160 to $220 saved (and as I only buy new phones every 2 years, that pays for my brand new $300 phone).