These companies invest thousands + researching this. Odds are against you ever filing a claim. I use their research for my benefit and never buy insurance on a phone or any other home electronics or appliance. To each their own...Quote:
Originally Posted by Quick
Sent from my Gs3 while driving
Well, yes. There wouldn't be insurance companies if they didn't profit. The companies price their product on the overall stats from a large sample size. With enough of a customer base they're going to hit their numbers pretty closely and consistently with little variance. Strictly from the aggregate odds, insurance is never worth buying. The reason individuals buy insurance is to reduce theirindividual variance and/or buy insurance against the "risk of ruin".Quote:
Originally Posted by carguy
The odds are against Mr. Average Customer ever filing a claim. But if:
1) You have lost or broken 2 of your last 5 phones in the first year you owned them. Insurance may be a good deal for you.
2) You want/need a smartphone, cannot afford a $600 outlay for equipment all at one time, but you can afford to pay $6 extra each month. Insurance may be a good deal for you.
3) My kids ride and crash their BMX bikes all the time and I want them to take their phone with them (yes, they have lost or broken most everything else they own). Insurance is a good deal for me.
4) If you are Mr. Average Customer and can easily absorb a less than likely hit. Insurance is not a good deal for you.
Kids are a different story. Overall, for most users it's money thrown away.
Sent from my Gs3 while driving
It's also very little money at a time, about the cost of two lattes, good peace of mind. That being said, I've been thinking of dropping it myself, for just that reason.Quote:
Originally Posted by carguy
Sent from my ICS Bionic
"Good peace of mind" should be "for peace of mind"Quote:
Originally Posted by LaurelRaven
Sent from my ICS Bionic
I *just* replaced my Droid Bionic through Asurion, got it last Friday. And no problems, my replacement Bionic looks new from what I can tell. If there was a problem with supply I was either darn lucky with my timing or more stock has arrived and it's a non-issue now.
If you're worried, call and check when you start a claim. I did mine online last week, never thought that there might be any issues with availability!
I only activated the insurance about half way through my contract because I picked up an iPhone for my 10 year old and had seen the cost of full replacement while in the store. So, yes, it was worth it when I needed it, and bonus for me that I only paid for coverage halfway through my contract. But I don't typically get insurance and have never needed it in my 20 odd years of cell use (I won't count a lost cell that pre-dates smart phones). I'll probably drop the insurance in December when I can start looking around at a discount.
for the past couple of days, my Bionic has been acting up. if i place the phone down too hard on a hard surface (i.e. table, or cupholder in my car) the phone reboots on its own. it's a launch day Bionic that has seen its share of issues (data drops, sluggishness , etc), but this was the last straw.
i have insurance on it and called the # to try to file a claim. i was under the impression that the whole point of paying the monthly insurance + the deductible was to guard against any sort of damage to the phone. the rep said that i could send it in and get a refurb, but if they examine the phone and see that there are any cracks or other damage, that i would have to pay full price for the phone (!!??)
doesn't that defeat the purpose of insurance? is this something new they've been doing? i coulda sworn i got an older smartphone wet, and insurance replaced it after paying the deductible. otherwise, i've just been throwing my money away this whole time
You're absolutely right. The terms of examination that they stated to you are exactly the same ones that Verizon tell you when you file a warranty claim. I haven't paid for insurance for a year or so now because the warranty more than covers the level of risk I'm willing to personally assume. If I were you I would seriously consider filing a complaint with your state insurance commission, and inform asurion of your concerns. If in fact the product you are paying for is insurance the state commission is the appropriate regulator. If it's NOT insurance they are not only mis-representing the product/transaction, but charging you extra money for something moto/verizon provide FREE for the first year.
If you have the extended warranty or the total equipment coverage( that includes an extended warranty) , it is a warranty issue with verizon, not asurian. if the phone is not substantially damaged, (broken screen or got wet) I would think you can just call 611 and just say your phone does not work, and they should send you another one. alternatively, you should be able to go to a company store, and have them look at it and order a replacement.Quote:
Originally Posted by shadowsjc
insurance is for a damaged phone or loss of phone, not for an undamaged phone that stopped working.
Guardlights offers the correct perspective. You have (or could have had) the exact coverage you need with zero deductible through warranty and/or TEC which have nothing to do with asurion.