Mobile Phone Insurance

Mobile phones are often free of charge when you sign up to a monthly contract but this is because they are heavily subsidised by the network. These free phones are often worth £400, £500 or even £600 (The top of the range iPhone 4 is worth £599 for example).

If your mobile phone is stolen or damaged beyond repair you then have 2 choices, either buy a new mobile phone (at the unsubsidised price) or pay off the contract and start again with a new phone and a new contract. Let's say you signed up to an 18 month contract at £30 a month and you had your phone stolen 3 months later. To pay off the contract would cost 15 x £30 = £450.

According to British Crime Survey data one mobile phone is stolen every 12 seconds in the UK and even more mobile phones are water damaged, dropped or suffer from electrical or mechanical breakdown. Even if your phone can be repaired, with many phones now having touch screens such as the very popular iPhone, the cost of repairs has increased dramatically.

Home insurance more often than not doesn't cover mobiles and if it does the excess can be hundreds of pounds and if you do claim you will lose your no claims bonus. The mobile phone insurance offered by the retailer selling your phone is often very expensive so, as with many purchases these days, your best bet could be going online.

Here at www.mobilephoneprotectinsurance.co.uk we have put together a policy that covers your mobile phone and up to 4 other mobiles/ gadgets that offers great cover at a great price which we hope will give you total peace of mind.