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Telephone insurance

Telephone insurance comes forth to protect your wireless phone against loss and theft, accidental physical or liquid damage or electrical failure which it undergoes after the warranty period has expired. The insurance policy might also be very useful if you are buying a very expensive model of the phone that would cost hundreds of dollars to replace. The insurance coverage is simply indispensable for those people who can not do without a cell more than a few days.

If you have applied to the insurance company to get your phone insured before the incident, it will be obliged to replace the lost, missing or out-of-warranty phone with an identical or similar model after the filed claim has been accepted by the insurance company.

The phone insurance policy includes run about $5 a month, premium, deductible fees for each approved claim depending on the model of the phone and the carrier. Thus the premium and the deductible are the main parts which draw up the billing statement for you to pay it every month.

As for the claims, one should bear in mind that the insurance company will replace the former phone with the new equipment but it may be of a different brand, model or color .There is no guarantee about the full compatibility of the features with the previous phone.