in Maryland and Washington DC, cell phone repair is taking off. It's amazing the number of smartphones with touch screens that get dropped and crack.
Simple math shows the insurance is worth it. It's just too easy to ruin a phone.
$6/month x 24 months + $50 deductible = $194. The price of a new (subsidized) phone. And generally if they are out of stock of your phone, you get a free upgrade.
You break your phone, and your out $200+ easy for another new phone.
Your assuming that you will use the insurance for every phone you buy. In my case:
(15 years * 12 Months * $5) + $89 = $989
Is what I would have paid out if I just now break my current phone as I have never been in a position to claim insurance. Doesn't look like it pays to me if you take good care of your phone. These number are even worse now with the new monthly cost of insurance ( I used the cost/month from several years ago above ).
We have a bunch of amateur actuaries in this thread. I'm no exception. There's a future in insurance for some of us, a future in insurance sales for others. :P
in Maryland and Washington DC, cell phone repair is taking off. It's amazing the number of smartphones with touch screens that get dropped and crack.
Widebody, I feel your pain, you would think if the phone is still operational, you would be able to depend on Verizon to fix it and charge you a repair fee for the cracked glass instead of having to use your insurance to replace the entire unit, you would think there would be a cheaper way to go about getting this repair with in mind this would be cheaper then using your insurance. So it is Verizons fault for not being considerate enough to replace a screen that has a high provability to be cracked.
OK here's something you have to understand. Verizon does not repair phones. None of the major carriers do on the corporate level. In fact most of them will ONLY try to sell you a new phone.
Verizon is the worst about this. They will tell you the phone is a total loss and there's nothing they can do, even though they know full well that there are shops like mine (I own a cell phone repair business but I am not allowed to advertise on here). They don't make any money if you pay me $120 to repair your DROID. So they actually aggressively hide the fact that there are places out there that will repair your phone.
There's a lot more I can get into but the fact is, Verizon will deny that the phone is even repairable.
in Maryland and Washington DC, cell phone repair is taking off. It's amazing the number of smartphones with touch screens that get dropped and crack.
Search for a company called Via Fone, I believe they are resonable in price, but I pay $50.00 for insurance and I think they match that price, but some are paying more so it may be more, never checked, but I hear thy are resonable.