We live in a generation where everyone is trying to cut expenditure, tightening the financial belt in all aspects of life – so, when it comes to insurance many people are hesitant to fork over the cash. This might be for a few reasons. Maybe it’s down to the fact that smartphones can cost up to £500, and people do not then want to part further money to insure the damn thing! Or maybe it’s because certain people think they are not clumsy and will never drop/break/have their phone stolen. Well. Here are the facts for you taken from different studies of iPhones and smartphones in recent years – they might surprise you somewhat.
FACTS
Around 20% of iPhone 4 users report accidently damaging their phone – This is a rising number. Just think of how many of your friends have a crack in their iPhone – and how many of your friends phones have still go the crack on their phone due to lack of insurance.
Over 100,000 smartphones are stolen every year.
60% of car crimes are attributable to mobile phone theft – however no other policy will insure your phone (Regular household, office or motor policies etc.). Specialist mobile phone cover will only insure your phone.
Not many people actually have insurance – Recent surveys have revealed that actually over half of people who have smartphones don’t actually own smartphone insurance. As a result of that, a third of smartphone users have to replace their phone before their contract runs out or gets upgraded. On top of that, 37% of people who have a 24 month contract had to replace their handset before the contract ended.
iPhones and smartphones are too expensive to replace without insurance – 50% of people in a certain study (who had lost their iPhone or smartphone) refused to buy a new handset due to the escalation in price and the tight economy.
Phones used to be cheaper than they are now, and still people have the mind-set of that with attitudes towards iPhone and smartphone insurance. As careful as you can be, there is always a danger something will happen to your phone whether it is dropped, stolen or malfunctions. In this economy buying a replacement would be insane, so the smarter thing would be to protect your investment of your phone with insurance – you’d do it for you laptop or iPad wouldn’t you?
In conclusion, be smart and be safe with your handset. Invest in some iPhone insurance or smartphone insurance to protect you, your phone and your pocket.