Since you can drop the insurance at anytime, and if you want to get insurance, I would say just keep it until the phones price goes below $100, otherwise you're just throwing money away knowing you will have to pay $100 if you ever use it.
On the other hand, if you're not even eligible for any type of upgrade for another year (as is my case), then it pays to have insurance. No way is VZW going to give ME a free Bionic with my upgrade date being over a year off, they would charge me the $499 retail price. You should be careful to point out that your way of thinking ONLY applies to people with an available upgrade.
This is true, but, what most people don't know is that if you call Verizon, and still have a year or so left before an upgrade is available, and the phone is at a lower price then the original, they will let you upgrade providing that you extend you're contract for 2 more years.
But like you said, if people don't plan on upgrading or want to wait, nothing wrong with it.
Its like what 7 bucks a month now or something? 84 a year for insurance. Life happens, **** happens, its nice to have that peace of mind, a fall back plan, for when life throws that curveball and your phone gets lost, stolen, or damaged. I mean if your finacially able to qualify for a contract with verizon and able to pay the bill each month then that extra 84 bucks a year isnt much compared to the 1200 a year thats spent for a single line plan with a smartphone. This isnt some extended warrenty from bestbuy, its anything-goes replacement plan. I dont see why its a bad idea to get insurance.
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