By Dr. Kavita
Do you remember how happy you were when you bought your new cell phone? You couldn’t keep your hands off it for the first few months and if you are like the rest of us, you are probably stuck to your cell phone for the most part of the day and some part of the night as well.
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Did you consider buying cell phone insurance?
You must have spent at least $200 to get your iPhone on contract, and you very well know that it would have cost you approximately $600 if you would have got it out of any contract commitment and at unsubsidized prices. The mere thought of having to lose a cell phone that is so dear to you and costly to replace, must have prompted you to consider buying cell phone insurance in order to stay covered.
After all, it has become so common place to hear of cell phone thefts nowadays. And of course there are chances of your cell phone just slipping into your toilet and drowning in the stinking waters, right? Or you could just forget your cell phone somewhere and misplace it. What if your bad luck broke your phone? So many worries and concerns run through your mind each day regarding your cell phone.
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Cell phone insurance seemed an easy solution
To top it all, you were told that cell phone insurance costs just $ 7 per month and you would receive a replacement within 24 hours and life would run smoothly like you never ever lost / broke your old cell phone at all.
All the above factors and situations motivated you in to thinking that cell phone insurance was the next best thing after sliced bread.
You would be a loser if you spent money on insurance
Let me explain why I say that you would be a loser if you spent money on getting your cell phone insured. Just do a quick math and you will find that your annual expenses are about $ 84 and $ 168 for two years of the contract. So this means you could be wasting money on a service that you may never need at all.
Even in the case that you use the service in between, you have no guarantee of receiving a replacement cell phone that is better than or even as good as your old cell phone. The chances are quite high that you are given a used and old phone as replacement. Additionally, you will have to pay a deductible that could cost you about $ 50- $ 200.
Now spend some time thinking over what I said about being a loser! Bottom line, do not waste money on cell phone insurance.
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