How to buy mobile insurance in 2023?
In today’s generation, mobile phones have become an important part of our lives. They are used to take photos, shop online, and send messages. As the demand for mobile phones increases, so does the need for mobile phone insurance.
Mobile phones have become valuable assets. People now own multiple phones, and there is a fear of loss, theft, or damage. When this happens, the cost of repairing or replacing the phone can be expensive.
Can you afford such expenses? Mobile phone insurance can protect you from the financial loss caused by theft, damage, and other incidents.
What is mobile phone insurance?
It is an insurance policy that covers the financial loss due to the possible loss of your phone.
Features of Mobile Phone Insurance Policy
- This policy covers both new and used phones.
- It covers Android mobile phones as well as basic feature phones.
- The insurance amount is linked to the cost of the phone.
- The policy can be for 6 to 12 months.
What does mobile phone insurance cover?
Mobile phone insurance policy covers damages to the following types of phones:
- Loss of phone due to theft
- Loss of mobile due to any kind of accident
- Loss due to technical problems
- Screen damage
- Damage caused by fire
- Replacement or repair cost of the phone in other states
- Advance services are also available under mobile insurance
Transit insurance covers damage to the phone while in transit. This covers the loss of mobile phones while traveling abroad.
What is not covered by mobile insurance?
Although almost all possible damages to the mobile are covered by the insurance company, there are losses that will not be covered:
- Mysterious damage to mobile phones
- Damage due to climate change
- Theft of mobile phones due to negligence or loss due to the use of the phone by someone else
- Pre-existing defects in the phone
- Intentional attempt to damage the phone
Why is mobile phone insurance important?
Due to the importance and cost of mobile phones, the need for mobile insurance has increased.
Easy to change if mobile is lost
If you lose or have your premium smartphone stolen, you could face a lot of financial trouble. In such cases, the mobile insurance policy covers the loss.
Coverage for repair expenses
If there is a fault in your mobile phone, then repairing it can be expensive. In such situations, mobile insurance covers the entire cost of repairing the phone.
Mobile Insurance is more important than Mobile Warranty
Mobile phone companies give you warranty and also extend the warranty. But warranties are of no use in case of phone theft or loss. In such situations, only mobile phone insurance policy can prove beneficial.
How to claim mobile phone insurance?
If you have purchased mobile insurance and your phone is damaged, you can make a claim under the mobile insurance policy.
Step 1 :-
In case of theft of your mobile phone, immediately inform the insurance company’s helpline number. They will provide you with a claim reference number that will assist you step by step during the claim process.
Step 2 :-
Submit the claim form with all the required information. If your phone is lost or stolen, file an F.I.R. at the local police station. You will need the FIR report to make a claim.
Step 3 :-
If there is damage to the phone, submit a photo of the phone to the insurance company. After this, the insurance company will investigate the damage and cause of the damage to the phone. Your claim will be updated based on the investigation.
Step 4 :-
If repairs are required, the insurance company will cover the entire cost at the authorized mobile service center. If there is no authorized mobile service center near you, then the insurance company will reimburse you for the expenses incurred.
For losses caused by theft, the insurance company will pay you the sum insured of the mobile insurance policy as a claim.
What documents are required for a mobile phone insurance claim?
- Fully filled claim form
- Police FIR copy in case of phone theft
- Phone bill
- Insurance policy bond
- Mobile phone insurance companies in India
There are several insurance companies in India that offer mobile phone insurance, including:
- Go Digit General Insurance Company
- Bajaj Finserv
- Home Credit
How to buy mobile phone insurance?
To buy mobile phone insurance, the first thing you have to do is select an insurance company. After that, you can apply online by visiting the website of the insurance company. The payment of the premium will also be online, and your insurance policy will be issued.
You need the following documents to buy Mobile Phone Insurance:
- Application form
- Mobile bill
- IMEI number of mobile
- Your identity proof
That’s why you should protect your mobile phone through mobile phone insurance and cover yourself against financial loss if the phone gets damaged, lost, or stolen.
The premium for mobile phone insurance is very low, and you can buy one without any problems.
So, friends, this is how you can get mobile phone insurance. I hope you found the information helpful. If you have any questions, please comment below, and we will assist you completely.