Cell phone insurance: Is it worth it? How to choose the best option?

How does this type of insurance work?

At first, the cell phone insurance acts as a support in case of theft, robbery, loss or breakdown of devices.

In short, you pay a weekly or monthly amount and, if your cell phone is stolen or lost.

This way, the insurance may compensate you for the loss or even provide you with a new device.

You can purchase insurance for a cell phone you already own or at the time of purchase.

In this sense, there are several channels available for contracting, including traditional insurance companies, mobile phone operators, retailers and even the manufacturers themselves.

When signing up, you will need to provide your personal details, the model and serial number of the device (known as IMEI).

Furthermore, regarding the insurance value, it is calculated based on the price of the cell phone.

Therefore, the average deductible (amount paid in the event of a claim) is generally around 25% of the value of the smartphone and is only charged in the event of theft or robbery.

It's worth noting that you'll pay a monthly fee that varies depending on the price of the cell phone.

In short, the cell phone insurance is considered "nervous" due to the high frequency of accidents.

After all, losing your cell phone doesn't just mean material loss, but also the loss of data, work tools, and entertainment.

People's dependence on these devices makes insurance increasingly important.

Is cell phone insurance worth it?

First of all, to decide whether it is worth taking out insurance, you need to analyze some factors.

For example, if your cell phone is valuable, insurance may be a good option to protect it against loss and damage.

Also consider your accident frequency. If you are prone to accidents such as falls, spills, or loss of your device, insurance may be a good investment.

Therefore, carefully read the insurance coverage before purchasing it. Make sure it covers the types of accidents you're most concerned about, such as theft, robbery, accidental damage, and liquid damage.

Pay attention to the deductible, which is the amount you will have to pay in the event of a claim. Choose insurance with a deductible you can afford.

It is also worth remembering that the value of the prize cell phone insurance varies depending on the value of your cell phone, insurance coverage and deductible.

What does cell phone insurance cover?

Cell phone insurance coverage varies depending on the policy you choose, but in general, basic plans cover:

Robbery and theft: the insurance covers theft of a cell phone through violence or threats, or qualified theft (when the device is taken without the owner noticing).

It is important to file a police report in case of theft or robbery to activate the insurance.

Accidental damage: the insurance covers damage caused by accidents, such as falls, spills, lightning, short circuits and power surges.

Screen break:

There are plans that cover broken cell phone screens, even if the insured is not at fault.

Additionally, some policies offer additional coverage, such as:

Device pick-up and return service: in case of loss or theft, the insurer collects the device and returns it to the insured.

Data theft insurance: It covers data recovery costs and financial losses caused by cell phone data theft.

Extended warranty: in this case the cell phone insurance extends the cell phone manufacturer's warranty for an additional period.

+ How much does cell phone insurance cost? Find out!

How to choose the best option?

When choosing a cell phone insurance, there are some important factors to consider.

See some insurance options and their coverage to help you make an informed decision:

1. Safe Haven:

Porto Seguro offers Cell Phone Insurance with the following coverage:

Breakage + Robbery + Simple Theft + Digital Transactions and Pix;

Coverage for accidental breakage (screen, speaker, microphone, charger port, internal damage and falling into water);
Protection against theft and robbery through breaking and entering;
Compensation for undue digital transactions after robbery or theft;
Protection against electrical damage.
In the event of an accident, Porto Seguro provides cash compensation, allowing you to choose the device you want;
With no waiting period, your cell phone is protected on the same day of purchase after inspection in the Porto App;
Activate your location in the Porto App and get a reduction from 25% to 20% in your allowance;
International coverage, claims outside Brazil are also covered.

2. Nubank:

Nubank Celular Seguro offers 100% of coverage and 0% of complications in cell phone insurance;
People choose the coverage that makes sense for them in the Nubank app and sign up for a fixed price with no asterisks.

3. Zurich:

Zurich offers coverage for theft, robbery, property damage and liquid accidents;
You can get a quote online in just a few minutes and enjoy the exclusive benefits of this market-leading insurer.

Also, compare prices from different insurance companies before signing up, choose an insurance company with a good reputation in the market, and read other customer reviews before signing up.

There are some insurance policies that offer additional benefits, such as device pick-up and return services, data theft insurance, and extended warranties.

So, consider whether these benefits are important to you.

In short, the cell phone insurance It can be a good investment for those who have a high-value cell phone, are prone to accidents, or are worried about losing or damaging their device.

+ How to block a stolen cell phone? Check out these foolproof tips!

Conclusion

Finally, it is important to evaluate the advantages of each company and choose the cell phone insurance that best suits your needs and your budget.

Also check if the coverage is adequate for your cell phone model and lifestyle, don't leave your cell phone vulnerable.

By: Andre Neri updated ago 2 years back