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iPhone insurance
- Thread starter iadam09
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Thanks for posting that again Loren, I believe I saw that and it was why I was sure the covered more than just $199. I obviously don't have the iPhone 4 yet, but I am going to call USAA right now and get a quote. I'll probably try to add my MacBook Pro too, even though I have AppleCare
No problem! Sounds like a plan. I actually love Square Trade because they will try to "fix" your phone first. That's one thing my insurance won't do. Even then, it's the same $50 deductible. It's just a matter of whether your premiums would go up or not.
OK, so with USAA:
I just amended my policy to include a high value electronics addition.
This will cover my Macbook Pro and both iPhones---up to $3000.
I will pay $9 per year, but the bad news is the deductible. I will have to pay a $250 deductible should anything happen. It will cover spills, drops, theft or really anything. I am always a little hesitant to believe whatever the representative on the phone says so I asked to talk to a claims person for good measure. She was extremely nice for me just wanting to "chat" and said that she has seen claims for iPhones specifically and a variety of expensive laptops. She said that what they do with iPhones is once you "claim" that it's broke, they contact AT&T to verify there was service and then basically take your word for it...cut a check for the full amount of replacement. On a related note, she mentioned that someone had just done a claim for a laptop accident where they dropped it on concrete...all she said that happened was she verified the person owned it and then had the customer get an invoice from a computer repair shop (geeksquad?) saying that it was beyond repair...cut a check.
sorry for typing so dang much!
Short of it:
Macbook Pro and/or iPhones covered: $3000
Cost per year: $9
Deductible: $250
The deductible stinks, but being that it covers the Macbook pro as well, i'm ok with it. They did not have an option for electronics coverage below $3000. I would rather pay $9 a year and if need be pay $250 for a new replacement than pay $100 + $50 for the chance something might happen.
I'm not taking away from the deal that is squaretrade though...that's a good plan too.
I just amended my policy to include a high value electronics addition.
This will cover my Macbook Pro and both iPhones---up to $3000.
I will pay $9 per year, but the bad news is the deductible. I will have to pay a $250 deductible should anything happen. It will cover spills, drops, theft or really anything. I am always a little hesitant to believe whatever the representative on the phone says so I asked to talk to a claims person for good measure. She was extremely nice for me just wanting to "chat" and said that she has seen claims for iPhones specifically and a variety of expensive laptops. She said that what they do with iPhones is once you "claim" that it's broke, they contact AT&T to verify there was service and then basically take your word for it...cut a check for the full amount of replacement. On a related note, she mentioned that someone had just done a claim for a laptop accident where they dropped it on concrete...all she said that happened was she verified the person owned it and then had the customer get an invoice from a computer repair shop (geeksquad?) saying that it was beyond repair...cut a check.
sorry for typing so dang much!
Short of it:
Macbook Pro and/or iPhones covered: $3000
Cost per year: $9
Deductible: $250
The deductible stinks, but being that it covers the Macbook pro as well, i'm ok with it. They did not have an option for electronics coverage below $3000. I would rather pay $9 a year and if need be pay $250 for a new replacement than pay $100 + $50 for the chance something might happen.
I'm not taking away from the deal that is squaretrade though...that's a good plan too.
So if I don't have home owners insurance, is there any way to get this type of insurance coverage for the phone? I am sure auto insurance doesn't cover this. Would renters insurance be the way to go?
They should be giving you a different plan for the phone, not rolling them into the same plan/deductible. In your case, I'd definitely get SquareTrade... they do offer a $6 a month plan instead of $100 up front.
Auto insurance won't cover it you're right, but if you rent...and you don't have renter's insurance, you should. I don't mean that in a condescending way either, it is REALLY cheap and it will cover you for a lot of unexpected things. When I had renter's insurance I did have the same coverage for laptops, and the deductible was way cheaper. you should look into it.
I guess I didn't realize that. Hmm. SquareTrade is still a good deal guys! Not knocking it.
They should be giving you a different plan for the phone, not rolling them into the same plan/deductible. In your case, I'd definitely get SquareTrade... they do offer a $6 a month plan instead of $100 up front.
Sure, maybe they should have but I asked, and they don't have coverage less than $3000. Either way, I'm happy with this. I'll be careful with my phone and if the chance that something accidental happens, it will be $250 to replace it. Can't really beat less then $1 a month and it's wrapped into my mortgage, so I don't have to pay an extra bill. Who knows, maybe my phone will land itself in the toilet two years from now when the next update occurs...
Just kidding of course!I've been in the military for 6 years and have only known USAA. I do hear great things about State Farm and All State. Wouldn't hurt to do some online quotes...they're free!
Will you post what you find out please? I have USAA and emailed using the contact link on the website. I had two questions. They answered the first but not the second which was inquiring about insurance for my iphone.
Your insurance rates will probably go up if you use your home/renters insurance for this. You will pay one way or the other.
In my experience, its a bad idea. SquareTrade or other insurance will be better.
In my experience, its a bad idea. SquareTrade or other insurance will be better.
That was one question I asked and for USAA anyway, they said that specialized policy additions like electronics do not affect overall policy if used. I'm not really worried about it.