Expensive phone? Here’s how mobile insurance can ease your mind

livemint.com:

Mobile insurance has become increasingly essential given the pivotal role smartphones play in our daily lives. With our heavy reliance on them for communication, work, and entertainment, the prospect of losing or damaging a smartphone can indeed lead to significant disruptions. 

Having mobile insurance can provide a financial safety net in such situations, offering peace of mind and ensuring that you can quickly recover from any unfortunate incidents.

Mobile insurance is a type of insurance policy designed specifically for mobile phones. This policy provides coverage for instances such as loss or damage to the phone. It can be purchased directly on your mobile device, offering a convenient way to protect against potential damages.

Mobile insurance may not be mandatory, but it can be a crucial financial safeguard for your mobile or smartphone. Here's why investing in mobile insurance can be a smart choice:

1. Theft protection — Recovering a stolen phone is challenging, and the loss of data and financial setback can be significant. Mobile insurance covers the cost of a new phone in such situations.

2. Accidental breakage protection — Mobile phones are expensive, and repairing them can be costly. Mobile insurance provides coverage against accidental breakage, making it a wise investment.

3. Water or liquid damage cover — Mobile insurance typically covers accidental damage caused by water, moisture, or humidity, which might not be covered by warranties.

4. Covers high repair costs — High-end phones like those fromApple, Samsung, OnePlus, etc., can incur substantial repair costs. Mobile insurance can help avoid hefty repair bills.

5. Protection for loss of phone — If your phone is lost, warranties usually don't provide