What is the definition of Cell Phone Insurance?

Cell Phone Insurance enables the cell phone owner to enjoy protection from damage or theft of his cell phone. Most of the time, cell phone insurance is sold when the cell phone themselves are sold.

Of course, cell phones come with a warranty from the manufacturers. However, the warranty only pays for malfunction and defects that result in equipment failure. If the phone is stolen, lost or if you drop it and damage it, the warranty will not pay to replace the phone.

Cell phone insurance helps to get a replacement if something happens to the phone.

When claiming for a replacement cell phone, there is a deductible to be paid.

• Insolvency
• Misstatement of Age or Sex Provision
• Modified Premium Policies
• Moral Hazard
• Comprehensive Coverage