Uk Mobile Phone Insurance and Water Damage
Recent figures show that over the space of a year we really could benefit from the protection of the right mobile phone insurance cover . This becomes increasingly more apparent when you read the figures and realise that over 2 million mobiles were either lost, stolen, suffered accidental damage or water damage .
When you stop and think how closely many of us are bonded with our mobile phones these days, you would be surprised how as a nation we really neglect our little mobile friends!
When taking note of the facts above, you may have a change of heart and decide to invest in mobile phone insurance to cover your phone if the worst happens. At this point it would be wise to take a step back, as not all Mobile Phone Insurance cover is the same. There are some insurance policy providers who emit some accidents from the said insurance cover, such as water damage and loss, or in the worst cases both are excluded from the cover altogether .
It may seem strange that some insurance companies will do this, but at the end of the day they are out to make profit. By excluding some of the big needs for claim, they are effectively helping to insure themselves against unwanted financial loss in the concept of excessive claims . Now I would find that acceptable if they advised upfront that loss was not covered in the policy and clearly advise you of this in the products ‘Key Description’. More often than not, this will not be advised to you when you purchase your insurance, but hidden away somewhere in the small print and will only come to light if you make a claim.
Regrettably for the unsuspecting customer this is entirely legal, as the insurance company will have made reference to this in the terms and conditions (known to us as the small print ). The only way to avoid this situation would be to read all of the terms and conditions before you take up the Mobile Phone Insurance product.
Another point well worth taking note of is price. It does not follow that the more you pay the better the quality of the insurance. In fact, with some policies it can be quite the opposite. You may well find a big variation in cost, so it is worth shopping around for the cheapest Mobile Phone Insurance that offers you the cover you require to protect your mobile phone.