As the years go by, every model of iPhone gets more expensive, a slimmer design and a bigger screen. This makes them more likely to get damaged and harder to replace, leading to many people looking for cover, but is iPhone insurance worth it? No one wants to pay out hundreds of pounds every time they drop their phone or wake up hungover to find they’ve lost their phone without any cover. In this article, we cover all the details about our iPhone insurance, looking at what’s covered, how much it costs and who needs to insure their iPhone.
What’s covered by an iPhone-based insurance policy?
Cover varies policy to policy so it’s important to check through and make sure you’re insured for everything you need. The main things to think about are the most common causes of loss or damage and to make sure you’re covered for the likes of loss, theft and water damage.
Does iPhone insurance cover stolen phones?
SO-SURE covers you for theft or loss as standard. We still recommend being careful, as if you are deemed to have been at fault for leaving your phone unattended or any other reason you might not be successful in your claim.
Does iPhone insurance cover water damage?
Water damage is one of the most common causes for broken phones. It doesn’t matter if you’ve been caught in the rain, accidently gone for a swim with it in your pocket or dropped your phone down the toilet, you’ll be covered for all water damage with SO-SURE iPhone insurance.
Our policy covers you for more than just loss, theft or damage, and a full list of what you’ll be covered for can be found below:
- Theft and loss as standard
- Accidental damage, including water damage and cracked screens
- New, used or refurbished phones up to 3 years old
- Accessories up to the value of £100 including VAT
- Unauthorised network charges up to £1,000
- Out of warranty breakdown
- 90 days global travel
Along with checking what makes you eligible to claim for repairs or a replacement, you should also check what iPhone models are covered by your insurance. Some policies only cover newer models or phones of a certain age. In this case, our iPhone insurance includes new, used or refurbished phones up to three years old.
Who should insure their iPhone?
Anyone who has bought a relatively new iPhone will benefit from getting insurance. Unless you have the money to be paying out over £1,000 for a new one if it gets broken or stolen, opting for a small payment each month to protect you from breaking the bank could be a smart plan. Our iPhone insurance also covers repairs, so if you know you’re quite a clumsy person and are prone to regularly dropping your phone, losing it on a night out or going swimming with it in your trunks pocket, you might also want to consider insurance.
How much is iPhone insurance?
When considering the question, “Should I insure my iPhone?” price is always going to be a factor. This can vary depending on your cover and your provider, but usually you’ll find that iPhone insurance costs you between £70 and £180 per year. The type of cover can influence the price, as well as the model and memory size too. Older models such as the iPhone X or 11 with less storage space are going to cost you less to insure than the new iPhone 13, which is something that might be worth considering when you buy a new phone. iPhone insurance with SO-SURE starts as low as £2.20 per month, but you can get a quote specific for your phone here. We provide insurance for phones as old as the iPhone 6S Plus, all the way through to the new iPhone 13.
Is iPhone insurance worth it?
Value for money isn’t just about price. Check exactly what you’re getting for your money and how likely it is you get a pay out before signing up to a policy. What insurers provide will help you decide if iPhone insurance is worth it or not, for example, if you rely on having a new model smartphone for work, a policy that offers fast replacements could be very valuable. It’s also worth taking your time when choosing a provider to make sure the policy is suitable for your needs; you might be offered mobile phone insurance when buying a new phone or contract, but this might not be the best deal for you.
Include your iPhone on your home insurance
Many home contents insurance policies cover you for mobile phones that are stolen during a break-in. You may also have the option of adding accidental damage cover for your phone in the home or cover your belongings (including your phone) outside the home.
Here are some things to consider if you’re interested in including your iPhone on your home or contents insurance:
- It can be a cheaper way to insure your iPhone.
- If you do claim through your home insurance, this could see your premium increase when it comes up for renewal. This is a common reason why people keep the two separate.
- If you claim, the excess might also be higher on home insurance than phone insurance.
- Home insurance claims generally take longer to go through, so you’ll likely have to wait some time for a replacement.
- Unauthorised calls if your phone is lost or stolen also won’t be covered by home insurance.
This article should help you decide if you need iPhone insurance. Generally, if you rely on having an expensive phone, then getting mobile phone insurance is probably a smart move. If you’re someone who has a cheaper phone and you don’t mind waiting for a replacement, it might be worth considering adding it to your home insurance. Either way, insuring your iPhone is a fairly cheap way of protecting you from big payments if your phone is lost, stolen or damaged.
Interested in Home Contents Insurance? Click here.