Funny Stuff is all around

Mobile Phone Insurance and Water Damage

When you stop and think how closely many of us are bonded with our mobile phones these days, you would be surprised how as a nation we really neglect our little mobile friends!

We could all benefit well from the right Mobile Phone Insurance, especially after the release of insurance company figures. This becomes increasingly more understandable when you analyse the data and notice that in the UK more than 2,000,000 phones suffered water damage, accidental damage, loss or theft.

When taking note of the facts above, you may have a change of heart and decide to invest in mobile phone insurance to cover your phone if the worst happens. At this point it would be wise to take a step back, as not all Mobile Phone Insurance cover is the same. There are some insurance policy providers that write out of the cover offered, important modules such as loss and even water damage.

It may seem strange that some insurance companies will do this, but at the end of the day they are out to make profit. By excluding some of the big needs for claim, they are effectively helping to insure themselves against unwanted financial loss in the concept of excessive claims . Now I would find that acceptable if they told you upfront that water damage was not covered in the policy and clearly advise you of this in the products ‘Key Description’. Unfortunately, this does not happen, instead it gets hidden away in the small print and you probably will not know that you are not covered for loss or water damage until you try and make a claim, by then it is far too late .

Regrettably for the unsuspecting customer this is entirely legal, as the insurance company will have made reference to this in the terms and conditions (known to us as the small print ). The only way to avoid this situation would be to read all of the terms and conditions before you take up the Mobile Phone Insurance product.

Another point well worth taking note of is price. It does not follow that the more you pay the better the quality of the insurance. In fact, with some policies it can be quite the opposite. You may well find a big variation in cost, so it is worth shopping around for the cheapest Mobile Phone Insurance that offers you the cover you require to protect your mobile phone.

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