iPhone on Home Insurance

Discussion in 'iPhone' started by mgs6876, Dec 10, 2011.

  1. mgs6876, Dec 10, 2011
    Last edited: Dec 11, 2011

    mgs6876 macrumors newbie

    Joined:
    Oct 28, 2011
    Location:
    Detroit
    #1
    I am receiving my iPhone 4s later this week and I am curious about some thing I heard about being able to protect it on my home insurance. We have Farmers Home Insurance and I am hoping to get some details on what other people have done, if anything with their phone and home insurance. I purchased the phone with a credit card that extends the manufacturers warranty, but I am hoping to get something that covers accidental coverage. I am going to call on Monday, but I am just curious.
     
  2. Applejuiced macrumors Westmere

    Applejuiced

    Joined:
    Apr 16, 2008
    Location:
    At the iPhone hacks section.
    #2
    Any of those home insurance companies cover lost or stolen iphones?
    Im not that concerned about the warranty part but I just lost my 4S a few weeks and had to cough up $700 for another one.
     
  3. mgs6876 thread starter macrumors newbie

    Joined:
    Oct 28, 2011
    Location:
    Detroit
    #3
    That sucks. It would be a bonus if it covers that. I have seen that some companies cover phones, but I wouldn't want to pay a $500 deductible and have higher rates cause it would be counterproductive. I am going to get a case for it anyways, but if they can't cover it I am going to look at a case like a Lifeproof that supposedly offers great protection.
     
  4. Applejuiced macrumors Westmere

    Applejuiced

    Joined:
    Apr 16, 2008
    Location:
    At the iPhone hacks section.
    #4
    True, I agree.
    It wouldnt be worth it with a $500 deductible and having to risk raising your insurance rates in order to save $200.
     
  5. mgs6876 thread starter macrumors newbie

    Joined:
    Oct 28, 2011
    Location:
    Detroit
    #5
    I saw somewhere that some insurance companies offer some sort of rider to the home insurance policy. It can cost something like $30/year and has a different deductible than the $500 one with the regular plan.
     
  6. BlackViper macrumors member

    Joined:
    Mar 2, 2010
    #6
    Apple Repair program

    While home insurance can be good if you loose the phone entirely, I don't thing insuring against damage is worthwhile; with the exception of Applecare+ as it also includes support, and extended warranty. Sign up for iCloud and use Find My iPhone; you mention being on a farm, I presume you're primarily worried about dropping the phone outside in some random field? Find my iPhone location works great if the phone is outside and you can have it play a sound(even if the silent switch is on) to aid in pinpointing the location.

    As for damage, Apple will repair your iPhone for about $200. You're often better to pay the repair price than an insurance premium plus deductible. If you're still concerned about damage, consider a protective case, much cheaper than insurance, or repair.
     
  7. Applejuiced macrumors Westmere

    Applejuiced

    Joined:
    Apr 16, 2008
    Location:
    At the iPhone hacks section.
    #7
    Lol :D
    I dont think there is farms in Detroit.
    Farmers insurance its jut the name of the company:D
     
  8. mgs6876 thread starter macrumors newbie

    Joined:
    Oct 28, 2011
    Location:
    Detroit
    #8
    I live in the metro-Detroit area and I don't live on a farm. I am looking for something more about accidental damage coverage than losing the phone. This is probably a jinx, but I have had good luck with keeping my phone in my pocket and not someone else's.
     
  9. bruinsrme macrumors 601

    bruinsrme

    Joined:
    Oct 26, 2008
    #9
    Just be careful. Home insurance can be a tricky game when it comes to claims. There are many stories of companies dropping customers for too many claims.
     
  10. SR45 macrumors 65832

    SR45

    Joined:
    Aug 17, 2011
    Location:
    Florida
    #10
    Asked the same question to my USAA insurance company and they said there was no rider for a cell phone and I would have to pay the $500 deductible which I would pass on and either get the Carrier insurance (Cost $8.00 a month) and be done with it. The Carrier would pay the lost or stolen part including drops and spills.
     
  11. Jordan921 macrumors 68040

    Jordan921

    Joined:
    Jul 7, 2010
    Location:
    Bay Area
    #11
    The deductible alone would make it not a good idea to claim it on home insurance.
     
  12. Vudoo macrumors 6502a

    Vudoo

    Joined:
    Sep 30, 2008
    Location:
    Dallas Metroplex
    #12
    Investigate into a rider and see what the cost and coverage is. I personally would use a 3rd party insurance and not your home insurance to cover a iPhone. Home insurance is for big things.
     
  13. cynics macrumors G3

    Joined:
    Jan 8, 2012
    #13
    Mine is insured if its in the house during a fire, flood or robbery. If I lose it I'm sol.

    My insurance guy is a good friend of mine so I'll text him ask for more info on the subject. It's nationwide btw.
     
  14. JagsFan829 macrumors member

    JagsFan829

    Joined:
    Feb 26, 2012
    Location:
    Jacksonville, Florida
    #14
    For the renters out there.. do you have renters insurance? Supposedly it's pretty cheap as-is, so I wonder if covering your phone/whatever would be even cheaper.
     
  15. libertysat macrumors regular

    Joined:
    Nov 10, 2010
    #15
    I have farmers insurance and asked my agent a couple years ago

    He said not worth it and to go with square trade
    I took his advice

    I plan on keeping my current iphone when I upgrade in a year or so and drop the square trade
    I intend to use my spare as my insurance
     
  16. Rocko1 macrumors 68020

    Rocko1

    Joined:
    Nov 3, 2011
    #16
    Making a single claim in most cases with legit insurance companies does not raise your rates.
     

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