India is one of the most prolific mobile-using countries in the world. That could be awarded to the reason for the availability of the internet at a low price. Most people use a smartphone because of the low price of internet availability across the nation. Besides this, the youths of India also want to have the most expensive phone in their hands. In such situations problems like breaking, theft, or loss of a phone arise.
Other than this, several times, your phone falls in water or another liquid. Several times, users have to suffer a massive loss due to such an accident. Especially on rainy days, several times your phone gets soaked in water, which causes significant damage to it. However, these damages can easily be avoided. For that, you just have to insure your phone. Once insured, you will not have to care about your phone.
Water damage insurance Insuring companies insure breakage of phones, among other damages like theft and loss caused to the users’ phones by water. Your mobile phone can also be damaged due to moisture or humidity, which is usually covered under the insurance. However, water damage to the phone is not covered by the extended warranty.
What is mobile insurance?
Mobile insurance is just like your life insurance, health insurance, car insurance, etc. You can get your phone insured from any insurance company. The company will charge you a premium for that, like other insurance, and if your phone is lost, stolen, or damaged, the company will pay you.
How do you buy mobile insurance? The thing to note is that phone insurance can be taken within five days of purchasing the phone. Usually the insurance companies provide phone insurance for one year only. If you get it for more than that, then it is an extended warranty.
How much will be the insurance premium? What is the premium you are supposed to pay for phone insurance will depend upon the price of your phone. The more expensive your phone is, the more your premium will be. But while taking insurance, you can compare premiums from all the companies and then buy the best insurance premium.
How to claim? If your phone is stolen, damaged, or lost, you will have to provide the insurance company with the bill for your phone, information about blocking a SIM card, and a copy of the FIR. Other than this, you must provide a serial number of the phone. After providing all these documents to the insurance company, the further process will begin, and you will get your claim.
You also get only 15 days to make an insurance claim.
What are the benefits of buying mobile phone insurance?
The modern generation knows that the smartphone in their hands is the next best thing available in terms of technology after a computer and hence the modern generation pays more attention to the technical capabilities of the phone. The benefits of buying a mobile insurance policy are as follows:
Insurance for mobile phones helps you protect yourself from financial losses in case your phone is stolen or damaged.
If you are clumsy with technology or have lost a phone in the past, then this is a smart investment for you.
Depending on the type of insurance cover you choose, you can avail the facility of replacement of the phone in case of theft or damage.
Mobile insurance cover also helps in providing instant replacement for specified events, depending on the terms and conditions of your policy.
Standard terms and conditions apply
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