Important News of Cell Phone Insurance in Singapore

Posted by hlasinsurance on January 20th, 2016

Most cell phones sold today come with some form of a manufacturers warranty which offers a measure of protection. However, while a manufacturers warranty on a phone will protect the phone's owner from problems in the manufacturing or operation of the phone that are out of the owner's control, repair or replacement of a phone that has been lost or damaged by the owner will not be covered. That is why mobile phone insurance important to against the loss of phone loss, theft, or damage.

What is cell phone insurance in Singapore?

Cell phone insurance refers to an insurance policy that covers the loss, theft, or damage of a cell phone. With the cost of most smart phones starting at 9 and often costing more than that, cell phone insurance allows users to replace phones that might otherwise be cost prohibitive.

The next question should be the coverage of smart phone insurance. Mobile phone insurance coverage will vary by the insurance policy; however, most mobile phone insurance covers the following:

-Water damage
-Theft
-Loss
-Accidental damage   

In addition, some insurance policies will also cover fraudulent calls made by either the person who stole a phone or someone who found a lost phone, and some policies offer extended warranty coverage over and above that which comes with the phone.

The cost of smart phone insurance varies depending on the type of phone that is being insured. Many insurers will quote premiums of approximately , with deductibles averaging between and 0 if a phone needs to be replaced completely.

Where to buy phone insurance in Singapore?

Cell phone insurance can be purchased through the cell phone provider, or it can be purchased by a third party insurance company. Some online insurance companies offer lower rates on mobile phone insurance; however some require premium payment up front. Cell phone owners should be very aware of the terms of service before purchasing an insurance plan.

If you want to find third party cell phone insurance in Singapore, try HL insurance.