If the phone is reported lost or stolen it is reported, and the phone wont be activated on another line unless the person that placed it on the lost stolen list removes it.
Printable View
If the phone is reported lost or stolen it is reported, and the phone wont be activated on another line unless the person that placed it on the lost stolen list removes it.
With insurance you pay a deductible(80 dollars now, i think--i'm under the 50 dollar plan) and they overnight you a phone.
That being said, what is being described here is insurance fraud, and the very reason that the monthly fee is higher and the deductible is higher compared to what I am paying.