You are right to be wary. There is much bullcrap. Be wary of me too, because I may be wrong. Make up your own mind after you evaluate all the evidence and the logic. - Mark Rippetoe
Look at it this way - you go out with the guys on a weekend to a bar or pub. Pay your 5 bucks per month for phone insurance, and have one less beer every two weeks. What have you lost? The smallest of a buzz, gained no calories, and you don't actually need that extra beer anyway since you are not worried anymore about breaking your phone. mikey
Personally, I'd rather get a "known good" replacement from VZW than ebay. IMO it's easier to deal with potential issues with the replacement, if there are any.
It's a judgment call that each person needs to make.
Again, personal judgment call. Your own experience is the best thing to go on.
Last edited by takeshi; 03-08-2010 at 09:16 AM.
It is true that accidents do happen, but buying insurance just because.. is not a wise decision either. Another note is that why are we expecting a replacement phone a brand new one? Each phone has more or less a 2-yr life (contract) so paying VZ $8/month ($192+$90=282 worst case replacement at the end - can you sell that phone for that amount on craigslist or eBay 2 years down the road?)
I think the insurance company already did this math in and perhaps for smartphones, an extended warranty to last another year would do for malfunctions otherwise theft would be covered somewhat by your home insurance (if you own a home.)
What say you?
I forget what the exact deal is, but the idea that you would have to pay the full retail price for a replacement phone on Verizon is a myth. I believe Verizon would offer to sell you a replacement Droid at the one year contract price if you are willing to extend your contract.
First post! My droid should be here tomorrow got for $49 bucks by making verizon match neweggs price. I am considering squaretrade insurance because I found a coupon code for 30% off. this equates to 2 years for around 80 bucks. I have thirty days to decide but I am very tempted. reading the fine print is includes no deductable unless you get it wet or leave it in a car with windows down or doors unlocked. Just wanted to share and get a few opinions. Thanks
I also tried wirefly (and neweggs) the site does not allow upgrade (to add data plan) ONE line within a family plan - it insists that you MUST change 2 lines... but I only need ONE!!! anyone has any idea how to go about this? Get them on the phone? Is this a fraud thing?