Which is the best iPhone 5 insurance in the UK ? This company insure and go (platinum) insurance will cover for phones with a max value of £500 . The iPhone is £529 . "The maximum liability of the Insurer in respect of any one claim will be the replacement cost of the Product and in any event shall not exceed a total claim limit of £500 inclusive of VAT and £50 inclusive of VAT in respect of any accessories following a valid claim and an overall maximum policy limit of £2,500 irrespective of the number of Product items involved in the claim incident. Should Your original Product no longer be available, the Insurer will replace it with the nearest functionally equivalent model." Say if I had to get a replacement, would they replace it with an iPhone ? Considering its £29 over the max value ? Would it be ok to pay the excess £29 ? Another insurance company insure 2 go . State this "Replacement Equipment In the event Your claim is authorised and Your handset is replaced, we will endeavour to replace it with an identical new or fully refurbished handset. Should this not be possible the Administrator will replace it with a new or fully refurbished handset of a comparable specification or the equivalent value." I'm worried, that if I had to get a replacement with this company, they would give me a handset other than an iPhone if "its no possible" to replace the original phone. Thoughts ?