Insurance on Droid X

Discussion in 'Motorola Droid X' started by dfink114, Dec 21, 2010.

  1. dfink114

    dfink114 New Member

    Joined:
    Dec 15, 2010
    Messages:
    18
    Likes Received:
    0
    Trophy Points:
    1
    Ratings:
    +0
    Hello once again. So I finally got my Droid X today and I'm loving it! My question is should I invest in the insurance plan from Verizon? I feel like in my gut it's a rip off, but if anything happened to my DX I know I wouldn't shell out $500-600 for another one.
     
  2. psychotic_penguin

    psychotic_penguin DF Super Moderator Staff Member

    Joined:
    Feb 28, 2010
    Messages:
    444
    Likes Received:
    35
    Trophy Points:
    28
    Location:
    Rapid City, SD
    Ratings:
    +36
    Can you afford to fork out $500, if your phone is lost or stolen? The X is the first phone I've had that I insured through VZW and considering the liability of having to pay retail if something goes wrong I think it's a fair investment.

    There are other options like Ensquared Insurance for Droid X devices up to 90 days old. this is only for phones up to 90 days old
     
  3. qqqqqqqman

    qqqqqqqman Member

    Joined:
    Nov 28, 2010
    Messages:
    53
    Likes Received:
    0
    Trophy Points:
    6
    Ratings:
    +0
    Any kind of insurance is like that....cars, disability, medical, life. If you don't end up needing it, it's a "waste" and inflates the cost of whatever it was covering. If you end up needing it, it can save your ass.

    It depends on your financial situation. If something happens to it and buying another ruins you financially or mentally, then buy the insurance. If you can afford the hit, then maybe take your chances. Just limit your exposure by taking care of it and not throwing it around/down. I can afford to buy a new one (though maybe I wouldn't at those prices!), so I generally don't buy insurance on these kind of things, as I am more bothered by continually paying for something, LOL.

    I suppose you could just start out with the monthly insurance for peace of mind, then when you get past a certain point in time, quit paying for it...

    **
     
  4. MysticalDreams

    MysticalDreams Member

    Joined:
    Apr 23, 2010
    Messages:
    463
    Likes Received:
    24
    Trophy Points:
    18
    Location:
    IL for now... waiting for the day we can move back
    Ratings:
    +24
    I have always used Square Trade. They have been great with repairs / replacements and the prices are normally less than the retail prices.
     
  5. csimo

    csimo Member

    Joined:
    Jul 22, 2010
    Messages:
    191
    Likes Received:
    1
    Trophy Points:
    18
    Ratings:
    +1
  6. Backnblack

    Backnblack Premium Member Premium Member

    Joined:
    Nov 18, 2009
    Messages:
    11,262
    Likes Received:
    17
    Trophy Points:
    453
    Ratings:
    +17
    I pay $5.99/mo for a $50 deductible to have my X replaced via Asurion.
     
  7. wb1960

    wb1960 Member

    Joined:
    Jul 17, 2010
    Messages:
    125
    Likes Received:
    0
    Trophy Points:
    16
    Ratings:
    +0
    no!!!! go to square trade for all your warranties
     
  8. carguy

    carguy Member

    Joined:
    Dec 7, 2010
    Messages:
    292
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    Michigan
    Ratings:
    +2
    From a pure financial standpoint, insurance on something like a mobile device/laptop is a waste of money. If you don't have the $ saved to replace it if it is lost or stolen, you can't afford to have it in the first place. Everyone should have an emergency fund in place before you buy big dollar toys like a smart phone, laptop, etc.

    Same goes for any appliance or electronics warranty.

    The only insurance you must carry is for your vehicle, house, medical, long term disability and term life insurance :D
     
  9. Backnblack

    Backnblack Premium Member Premium Member

    Joined:
    Nov 18, 2009
    Messages:
    11,262
    Likes Received:
    17
    Trophy Points:
    453
    Ratings:
    +17
    Your opinion....
     
  10. carguy

    carguy Member

    Joined:
    Dec 7, 2010
    Messages:
    292
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    Michigan
    Ratings:
    +2
    It's a fact as stated 'From a pure financial standpoint'. The statement does not take into account the feel good feeling some people get by having it.

    Do the math and take the odds into account, it does not add up. Insurance companies do not offer insurance to lose money ;)
     
  11. Jale

    Jale Member

    Joined:
    Oct 8, 2010
    Messages:
    33
    Likes Received:
    2
    Trophy Points:
    8
    Ratings:
    +2
    Check with your credit card issuer: Some offer free mobile phone insurance (with $100 deductible) if you charge (automatically) your monthly mobile phone service on their card.
     
    Last edited: Dec 21, 2010
  12. dfink114

    dfink114 New Member

    Joined:
    Dec 15, 2010
    Messages:
    18
    Likes Received:
    0
    Trophy Points:
    1
    Ratings:
    +0
    Thanks everyone for your feedback. I've decided to go with SquareTrade
     
  13. Freezetron

    Freezetron Member

    Joined:
    Nov 7, 2010
    Messages:
    270
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Rocky Mountains
    Ratings:
    +0
    I deemed it a no brainer to pay $6 a month plus $90 in the event I screw up majorly and ruin my Droid X with Asurion. $90 is a helluva alot better then $600
     
    Last edited: Dec 22, 2010
  14. erict

    erict Member

    Joined:
    Oct 23, 2010
    Messages:
    291
    Likes Received:
    0
    Trophy Points:
    16
    Ratings:
    +0

    +1

    Same reason I have health, auto, life and home insurance.
     
  15. strollin

    strollin New Member

    Joined:
    Dec 21, 2010
    Messages:
    13
    Likes Received:
    0
    Trophy Points:
    1
    Location:
    N. Calif.
    Ratings:
    +0
    I have Asurion through Verizon on my Droid X, pay $6/month with a $89 deductible. After reading this thread I looked at both SquareTrade and Worth insurance. Both are less expensive BUT (there's always a but, huh?) SquareTrade specifically doesn't cover lost, stolen or damaged due to misuse phones. Worth only covers damage and theft, specifically excludes lost phones. Asurion covers Lost, stolen and damaged phones.

    My point is you have to make sure you are comparing apples to apples when you consider insurance on these phones.
     
Search tags for this page

assuion replacement phone for droid htc incredible