Insurance for iPhones

Discussion in 'iPhone' started by St. Germain, Jul 6, 2007.

  1. St. Germain macrumors 6502

    Joined:
    May 19, 2006
    #1
    I just finalized details with my Liberty Mutual insurance agent to cover my wife and my two iPhones. One stipulation was that they could not be used for business. It covers all accidents, from losing it, to spilling milk on it, to theft. There is no deductible. They are covering it under a computer equipment scheduled personal property policy. I think they're basically considering it a PDA. They also handle our homeowners insurance.

    Total cost per year: $20

    It actually covers up to $5000 worth of equipment.
     
  2. lilnyc macrumors 6502a

    lilnyc

    Joined:
    Jun 5, 2007
    #2
    Sweet. I'll look into it through my insurance -- Allstate.

    As-is, I am so afraid to reveal it in crowded places. I was in the AT&T store to get the Jawbone and overheard a lot of people asking for the iPhone, only to be told they're sold out. So despite the amount sold, having one is still 'spechul' :p and I don't wanna have to always worry about getting jacked for mine.
     
  3. St. Germain thread starter macrumors 6502

    Joined:
    May 19, 2006
    #3
    Considering the price of the phone and it costing less than $50 per year to insure, you'd be a complete idiot to not cover it. It offers so many advantages over Applecare.
     
  4. dukeblue91 macrumors 65816

    dukeblue91

    Joined:
    Oct 7, 2004
    Location:
    Raleigh, NC
    #4
    Thats the thing, I don't think there is a Applecare you can buy on the iPhone.
    Anyway thanks for the tip I will call my agent on monday.
     
  5. JonboyDC macrumors regular

    Joined:
    Jul 19, 2004
    #5
    You can purchase Applecare for the iPhone, but that's not true insurance. It doesn't cover you in the event of theft or damage -- only a defect or malfunction that would be covered by warranty.
     
  6. dukeblue91 macrumors 65816

    dukeblue91

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    Oct 7, 2004
    Location:
    Raleigh, NC
    #6
    Sorry but you can't buy Applecare for the iPhone.
    I just went back to the Apple web store and checked.
     
  7. FreeState macrumors 68000

    FreeState

    Joined:
    Jun 24, 2004
    Location:
    San Diego, CA
    #7
    Just called State Farm - they will cover it for $130 a year with a $500 deductible... so not worth it.
     
  8. JonboyDC macrumors regular

    Joined:
    Jul 19, 2004
    #8
    Au contraire, mon frere. From the iPhone service FAQ:
    It is not yet for sale, but those of us who have already purchased an iPhone will be able to add AppleCare soon.
     
  9. dukeblue91 macrumors 65816

    dukeblue91

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    Oct 7, 2004
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    Raleigh, NC
    #9
    Cool
    Thank you.
     
  10. kkachurak macrumors regular

    Joined:
    Jun 26, 2007
    Location:
    Orlando, FL
    #10
    What if you are not an existing customer of home owners insurance (or some other type of insurance that is not car)?

    How would you then seek out an insurer for the iPhone?
     
  11. JonboyDC macrumors regular

    Joined:
    Jul 19, 2004
    #11
    Unless you live with your parents and are covered by their homeowners insurance, you should really consider getting renters insurance. Just a couple of hundred bucks a year to protect all of your personal property from damage or theft, plus personal liability insurance for yourself. In which case, you would just be looking at a special rider to cover portable electronics like the iPhone.

    If you really don't want renters insurance, I have no idea how you would go about finding coverage for the iPhone.
     
  12. red93xj macrumors newbie

    Joined:
    Sep 17, 2004
    #12
    I got mine insured with State Farm for 15 bucks a year with no deductible and it covers everything. I added the iphone to a personal article policy that I already had for my wife's engagement ring. I couldn't be happier, no more babying this thing! :D
     
  13. McCarron macrumors regular

    Joined:
    Feb 17, 2006
    #13
    That sounds more like it, my State Farm covers my laptop and my cell phone (not updated to iPhone yet, but similar value) at $100 a year.
     
  14. MadDog31 macrumors 6502a

    Joined:
    May 20, 2007
    #14
    This is exactly what I will be doing (in fact I'm gathering info this weekend). Did you both talk to an agent directly about it or go via their Web site?
     
  15. GoCubsGo macrumors Nehalem

    GoCubsGo

    Joined:
    Feb 19, 2005
    #15
    That is simply killer! I love Liberty Mutual...not to mention my agent is hot :)
     
  16. Chip NoVaMac macrumors G3

    Chip NoVaMac

    Joined:
    Dec 25, 2003
    Location:
    Northern Virginia
    #16
    Careful about covering them on your homeowners/renters insurance - a claim may count against you with the two claim limit most have. Two or more claims like in 2 to 3 years will allow them to drop you or raise rates substantially.
     
  17. St. Germain thread starter macrumors 6502

    Joined:
    May 19, 2006
    #17
    Of course. People shouldn't frivolously file insurance claims. Odds are you won't need to use it at all though, let alone twice in 2-3 years. However if the $4000 worth of cameras and lenses in my camera bag ever get stolen, or someone snatches my iPhone, or my wife's wedding ring falls off in a lake.....its really nice knowing they'll be replaced (monetarily) in full with no deductibles. That peace of mind is, well, priceless.
     
  18. note235 macrumors 6502a

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    Jun 29, 2007
  19. ecks618 macrumors 6502

    ecks618

    Joined:
    Jun 1, 2006
    Location:
    NYC
    #19
    Easy explanation would be if you have a $500 deductible and you claim a $600 item like the 8GB iPhone, you would only get a $100 check.
     
  20. lawcomic macrumors member

    Joined:
    Jul 6, 2007
    #20
    My homeowner's with MetLife is covering two of them for $20 a year. No deductible. It's a scheduled item.
     
  21. Djmx macrumors 6502

    Joined:
    Jun 29, 2007
    #21
    I have State Farms Insurance it's my parents (house insurance) can someone please tell me what i have to tell them when i call.. Do i tell them.." I wanna Insure my iphone? PDA?" please tell me thanks!
     
  22. sushi Moderator emeritus

    sushi

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    #22
    Are they covering replacement cost, or will depreciation be applied?
     
  23. Aperture macrumors 68000

    Aperture

    Joined:
    Mar 19, 2006
    Location:
    PA
    #23
    Hmm, I called State Farm on the 28th of June and they told me they no longer cover cell phones as they are constantly being dropped and whatnot. Do I have any other options? I love using this thing w/o a case but sometimes get a bit worried about carrying a $600 gadget around with me everywhere.

    Edit: I just found this article. I don't live in IL, but I'd imagine it is the same deal. Any thoughts?

    I'm not sure if they'll let you due to mixed answers, but I'd call and tell them you'd like to insure your iPhone under their Personal Articles policy. I think I pay like $20 a year for my Macbook, it has no deductible & covers all types of damage. I have it on my camera too and haven't had to use it yet but it seems like an awesome deal. I just wish I could get it on my iPhone.
     
  24. feelthefire macrumors 6502a

    Joined:
    Jun 13, 2006
    #24
    If it's his parent's policy, he can't do anything. They have to add the personal article rider to the plan. He can't call up and add a rider to their policy.

    I privately insure mine through a company that insures all my personal property (this is separate from my renter's insurance, because making a claim against homeowners or renter's is a great way to get an unaffordable rate hike, so you pay 6x the cost of whatever you broke or lost in increased premiums).

    Be aware that you will need to prove you own the item. Take pictures of it, photocopy the reciept, etc. Electronics are generally insured for their depreciated value, unless you pay more for replacement value, and then you definitely need a copy of the reciept.
     
  25. brendanlim macrumors newbie

    brendanlim

    Joined:
    Jul 11, 2007
    #25
    Yeah (wondering same thing), I've been gathering the same kind of info and was wondering what the best process was for getting these items insured.
     

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