Would You Try Mobile Phone Insurance For Your Child?

In these modern days almost all of us have a cell phone of one sort or another.

It may even be the very latest iPhone 4g (if you were the lucky one who found the 4g iPhone that an Apple developer left in a restaurant recently), or you may just make use of your children's old cast off phones. It definitely seems to be the younger generation who like to have the most up to date mobile phone in their pockets, I fear to imagine the monthly cost of contracts for a family with two or three teenage children, who all want the latest and coolest mobile phone models. When talking about mobile phone contract costs and demanding children, it's worth taking the replacement cost into the equation, just in case the phone is lost or damaged in the early part of the contract. You see, when you receive a free phone (probably valued around 300-400 GBP) from your mobile supplier, it is subsidised by the company or retailer, as you have just signed on the line and promised them 18 to 24 months of guaranteed income, so they are more than happy to offer you a free mobile phone. What happens though if one of your children lost their phone on month 3 of a 24 month contract? Well, basically, if you did not have the handset insured and you asked your phone supplier for a replacement, they would charge you the full retail value for the phone, which as I mentioned above, would be in the 300 GBP range.

The retailer would defiantly not offer you another free phone, unless you had mobile phone insurance to cover this event.
So now you would be left in the situation where you had no mobile phone, but were still liable to make the next 21 monthly payments to the phone company, and, you have a son or daughter with no mobile phone and they are not going to be happy about it.
So all in all, it would be worth taking a look at getting mobile phone insurance protection, weather it is through your home content insurance, a stand alone policy, or even through your premium bank account.