What is Phone Insurance?
Cell phone insurance is a protection plan for your phone that covers situations where it’s lost, stolen or damaged.
With most insurance programs, you pay month-to-month as long as your coverage continues. If you decide to discontinue your coverage, you can cancel at any time.
Phone Insurance In South Africa
Cellphone insurance in South Africa is becoming more of a priority throughout the country with more people becoming more reliant on their mobile devices. The article below will answer your preliminary questions on the service and direct you to some of the options.
Very few people leave their house without their cell phone, and this little piece of technology helps women all over South Africa keep their worlds running smoothly. 1st for Women will ensure that if your cell phone is lost, damaged or stolen, it will be replaced with the same or similar device you had before claiming.
Before taking out this policy, ensure that you are not already covered by your network provider. If you are, remember that it’s easier and often more cost-effective to have all of your insurance policies under one roof. Speak to one of our friendly consultants who can assist you with moving your Cell Phone Insurance policy to 1st for Women
There is also provision for those of you who do not have a Portable Possessions policy through us. If you don’t have this particular policy, why not investigate adding Cell Phone Insurance to your schedule? This stand-alone product is also designed to protect your cell phone against theft, damage, loss.
Cellphone insurance is important but often overlooked since it is not one of the traditional types of insurance. A lot of people are not even aware of its existence.
What is cellphone insurance?
Like other types of insurance, this one allows you to cushion yourself in the event of the device being damaged, stolen, or lost.
You pay for it like other types and it can be obtained through South African mobile network providers (e.g. MTN, Vodacom) or most average insurance companies (e.g. Edgars cellphone insurance).
Is phone insurance worth getting?
If you own a phone and have yet to find yourself in need of the service, you may get deceived into developing a false sense of security that may likely cost you down the road. All it takes is one simple mistake.
Depending on how costly it was, this one mistake could end up frustrating you to no end. Simply put, it is better to be safe than sorry. This is the more tempting option considering how relatively low some of the monthly premiums are compared to the price of buying a replacement.
What does insurance cover on your phone?
The answer to this varies wildly between providers so it is advised that you get in touch with them to get a specific quote and terms of coverage. This also varies under the same provider depending on tiers and monthly premiums.
However, the usual (but not universal) coverage includes protection in case of the following: Accidental damage e.g. dropping it and cracking the screen Accidental loss Smash and grab Theft Water damage.
That said, just like other forms of insurance, there are some situations not covered i.e. where liability issues are concerned. Some of the situations excluded from coverage that you might run into include:
Any loss arising from any contractual liability
Any stoppage or slowing down of work, process or operation due to loss of or damage to the phone
Battery failure Claims that are fraudulent in any way
Consequential loss or damage, except if we specifically state that it is insured
Damage resulting from fire
Defects in design or manufacture
Erased or corrupted data
Failure, breakage or rust, wear and tear, depreciation, perishing, fading, mechanical or electrical breakdown
Loss of or damage to the battery and SIM card, unless they are stolen with your phon
Loss or damage caused by electronically conveyed viruses
Loss or damage caused deliberately by you or anyone who acts on your behalf Scratches or other superficial damage to the outer casing of your phone
Theft from an unattended vehicle, unless the vehicle was locked .
How much is cellphone insurance?
This section is intended to provide you with enough information to answer the question “What is the best insurance for cell phones?” Most providers give the customer the chance to choose between accidental and comprehensive coverage.
The former covers only accidental damage (usually inclusive of liquid damage) while the latter covers loss, theft, as well as accidental damage. Unlike other forms, costs are determined by the value of the device as opposed to other risk factors.
Vodacom
MTN
Telkom
Cell C
This can also be considered the Hollard cellphone insurance program since Cell C’s policies are underwritten by The Hollard Insurance Company Ltd.
They provide the following forms of coverage: All risk – accidental loss, theft and physical damage Stand-alone accidental physical loss/theft Stand-alone accidental physical damage SIM cover
How much does it cost to insure a phone in South Africa?
The costs to insure a new phone
Comprehensive cover from both providers would cost you R85 a month to insure the Y9 Prime. Comprehensive cover for the more expensive P30 Lite would cost you R107. 94 a month from MTN and R115 a month from Vodacom.
Is insurance on a smartphone worth it?
Cellphone insurance may be worth it if the cost of replacing your phone would put a strain on your finances. And, with the pricetag on the latest smartphones topping $1,000, that’s not a rare situation.
Insurance might help cover you if your phone is lost or stolen, or if it’s accidentally damaged.
How long does MTN insurance take to replace a phone?
Like all other cellphone insurance South Africa, with this coverage, depending on your claim application, the service provider can replace or repair your gadgets.
Interestingly, replacements take less than 24 hours to complete, and repairs also do not take much time.
How does mobile insurance work?
A mobile insurance policy is a smart purchase if you hold a history of having lost or broken your previous phones.
Depending on the policy which you take, you can get a replacement for your stolen or damaged smartphone (same model) without having to downgrade to a lesser advanced model.