Stop Worrying And Start Enjoying: Why Mobile Phone Insurance Is A Must-Have For Every Smartphone Owner

Written By Anika Tabassum

Picture this- You're on a once-in-a-lifetime vacation, exploring a new city and soaking in the sights and sounds. You reach for your phone to snap a photo, but your heart sinks as you realize it's not there. You've lost your lifeline to the world back home, and with it, all of your precious memories, contacts, and information. This scenario may seem like a nightmare, but unfortunately, it's a reality that many smartphone owners have faced. That's why mobile phone insurance is not just a luxury, but a necessity for anyone who values their phone and the peace of mind that comes with it. In this article, we'll explore the importance of mobile insurance and provide you with everything you need to know to make an informed decision about protecting your mobile investment.

Mobile phones have become an integral part of our daily lives. From communication to entertainment, we rely on our phones for a variety of tasks. However, with the increasing use of smartphones, the risk of accidental damage, theft, or loss has also risen.

• According to a recent survey, 33% of smartphone users in Bangladesh reported experiencing some kind of damage to their phone in the past year. (Source: Statista)
• Theft of mobile phones is a growing problem in Bangladesh, with an estimated 4,000 phones stolen every day. (Source: The Daily Star)
• The average cost of repairing a damaged smartphone screen in Bangladesh is around Tk 7,000 (USD 82), while the cost of a new phone can range from Tk 15,000 (USD 176) to Tk 50,000 (USD 586) or more, depending on the model. (Source: The Daily Star)

Despite the risks and potential costs, a recent survey found that very few smartphone users in Bangladesh even know about mobile phone insurance. These statistics highlight the importance of mobile phone insurance for smartphone users in Bangladesh, as it can provide protection and peace of mind in the event of damage, theft, or loss.

Mobile insurance is a type of insurance policy that covers the cost of repairing or replacing a damaged, stolen, or lost phone. It offers peace of mind knowing that your mobile investment is protected.

 

Here are some key things to keep in mind when considering mobile insurance:

• Coverage: Before purchasing mobile insurance, it's important to understand what type of coverage is offered. Some insurance policies may only cover accidental damage, while others may also include protection against theft or loss.

• Cost: The cost of mobile insurance varies depending on the coverage offered, the phone's make and model, and the insurance company. It is important to compare the cost of insurance with the cost of repairing or replacing the phone, and to choose a policy that offers the best value for your investment.

• Deductible: Most insurance policies require the payment of a deductible, which is the amount that you will pay out of pocket in the event of a claim. Consider the size of the deductible when comparing insurance policies.

• Claims process: Make sure to understand the claims process before purchasing mobile insurance. How do you file a claim? How long does it take to process? What is the process for replacing a lost or stolen phone? These are important questions to ask when considering mobile insurance.

• Exclusions: It's important to understand what is not covered under the insurance policy. For example, some policies may exclude coverage for intentional damage, such as breaking the phone on purpose.

In today's world, where our smartphones are with us at all times and have become integral to our daily lives, the need for mobile phone insurance is more important than ever. Accidents happen, and the cost of repairing or replacing a damaged, lost, or stolen phone can be significant. But with the right coverage in place, you can have peace of mind knowing that your mobile investment is protected. That’s where InstaSure comes into play, with different packages to choose from.

 

Before purchasing mobile insurance, it's important to consider factors such as coverage, cost, deductible, claims process, and exclusions. Take the time to research and compare policies to find the best option for your needs and budget. With the right coverage, you can stop worrying and start enjoying your phone, knowing that you're prepared for whatever may happen.

So don't wait until it's too late. Invest in mobile phone insurance today and enjoy the benefits of a protected and worry-free mobile experience.