Verizon iPhone Insurance.

Discussion in 'iPhone' started by abooch1, Feb 2, 2011.

  1. macrumors regular

    Joined:
    Jun 27, 2007
    #1
    I just spoke to a Verizon rep and she said they will be offering insurance on the iphone(reading from a document). She said 10.99 a month and it will cover water damage, accidental damage, and loss, however the deductible will be 169 dollars. discuss..
     
  2. macrumors regular

    Joined:
    May 26, 2010
    Location:
    SW Florida
    #2
    Sounds like POO to me. 10.99 a month with 169 ded. Maybe I could put a cheese grader to my family jewels.
     
  3. macrumors 6502a

    Joined:
    May 27, 2009
    Location:
    FL
    #3
    Nothing to discuss. It is a total ripoff.
     
  4. macrumors regular

    aimeeinohio

    Joined:
    Nov 20, 2010
    #4
    Yeah why is it my other phones have had a $50 deductible?!?!:eek:
     
  5. macrumors demi-god

    Joined:
    Apr 20, 2009
    Location:
    NY
    #5
    $169 deductible. Wow, AT&T is even better than I thought. :eek:

    Wait a second. Won't Apple replace it for $199??
     
  6. macrumors 68030

    Big-TDI-Guy

    Joined:
    Jan 11, 2007
    #6
    Lots of home / renters polices have optional "personal article policies" which cover cellphones. Except it's 20 a year, with zero deductible with many policies.

    That's what I did way back via State Farm.

    Yeah, Aushrion (if Verizon still uses them?) was a ripoff.
     
  7. thread starter macrumors regular

    Joined:
    Jun 27, 2007
    #7
    At&t doesn't offer insurance right?
     
  8. macrumors 6502

    Joined:
    Jan 6, 2010
    #8
    sounds like a rip off. I'd rather just bite the bullet and pay full retail in the off chance that something catastrophic happens to the iPhone. Plus, doesn't Apple have a service where you can pay $199 for a refurbished iPhone if you break your current one (even for off warranty reasons)?
     
  9. macrumors demi-god

    Joined:
    Apr 20, 2009
    Location:
    NY
    #9
    Sorry, meant to say Apple will replace for $199. :apple:
     
  10. thread starter macrumors regular

    Joined:
    Jun 27, 2007
    #10
    I just spoke to another rep.. he said same thing.. 10.99 a month and 169.99 for 16gb and 199.99 for the 32gb.. thats for lost, stolen, damaged...

    So apple will give me a refurbed iphone for 199.99 no matter what happened to it?
     
  11. macrumors member

    Joined:
    May 16, 2010
    #11
    I don't think the Apple store will give you a new Iphone if it was stolen, so if the Verizon warranty covers that then that is very interesting.
     
  12. thread starter macrumors regular

    Joined:
    Jun 27, 2007
    #12
    Yea they said they cover theft or loss.. but is that worth the 10.99 a month?
     
  13. macrumors 68030

    Big-TDI-Guy

    Joined:
    Jan 11, 2007
    #13
    Seriously - for that much $ per month plus the deductible - you actually could insure 40k worth of your stuff - not just a phone...
     
  14. macrumors newbie

    Joined:
    Jan 29, 2011
    Location:
    Michigan
    #14
    Sounds like a ripoff to me, too. Several years ago, I had to file a "lost" claim with Verizon. My insurance ran about $5 a month. My replacement cost was only $50.
     
  15. macrumors 6502

    Joined:
    Jan 6, 2010
    #15
    They will cover quite a bit such as shattered screens and even full water damage but they won't cover it if the phone is literally broken into pieces. And they don't cover stolen phones of course.
     
  16. macrumors 6502a

    Joined:
    May 29, 2010
    #16
    actually sounds good to me. It covers lost or stolen and many ppl out there will love to steal your Iphone.
     
  17. macrumors regular

    Joined:
    May 26, 2010
    Location:
    SW Florida
    #17
    That stolen Phone will be blacklisted, Unlike with a SIM. You could only use it with another CDMA carrier, i.e. MetroPCS and Cricket. They think because others charge large rates, they can to. Looks like a ton of third party insures will be getting a ton of bus.
     
  18. macrumors Nehalem

    Applejuiced

    Joined:
    Apr 16, 2008
    Location:
    At the iPhone hacks section.
    #18
    Big ripoff.
    I wouldnt bother.
     
  19. macrumors 6502a

    Joined:
    May 29, 2010
    #19
    I don't know what this post has to do with my post. A thief doesn't care about what you said.
     
  20. macrumors newbie

    Joined:
    Nov 28, 2010
    #20

    Think I agree with the majority of this thread....Horrible, Horrible, Horrible plan

    10.99x24=263.76 ("Insurance" over the term of 2 year contract)

    I've fell into the trap of Asurion (sp?) 'just to be safe' and am amazed at what I've paid over the the past 4 years. I will DEFINITELY be looking at something else...either tacking it on with my homeowners or an alternative (i.e. squaretrade)
     
  21. macrumors 6502

    Joined:
    Feb 2, 2011
    #21
    I self insure my phones. It's a money maker. I save $10 a month in separate account, if I need it I'm covered, if I don't I'm really ahead compared to paying another company for insurance. It's a great deal.
     
  22. macrumors 6502

    Joined:
    Sep 20, 2007
    #22
    Not a bad idea. This is a Verizon ripoff. I have a Droid X and my insurance is much less on that device ($7.99/month w/$90 deductible). Why is the iphone so much more expensive when the replacement cost is the same....

    You should also add the cost of your deductible to the account. Then if you lose your phone you would have already presaved enough to buy a new one, or be almost all of the way there.

     
  23. macrumors regular

    Joined:
    May 26, 2010
    Location:
    SW Florida
    #23
    Maybe I should start that.

    5 lines at 5.99 per line = 29.95 x 12 = $359.40 a year.

    Now that does not include a deductible and would not count for the iphone as well.
     
  24. macrumors newbie

    Joined:
    Jul 14, 2010
    #24
    What a damm ripoff. I rather not by insurance and just get it replaced at apple for $199

    Or get something that is cheaper like SquareTrade. Or just make it wear a titanium case.

    $199 deductible *shakes head* :eek:
     
  25. macrumors Nehalem

    GoCubsGo

    Joined:
    Feb 19, 2005
    #25
    That is a ******** insurance policy. You're better off taking the advice of landscapeman and take a cheese grater to your family jewels.
     

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