A recent post by Jill at SquareTrade got me thinking about something I usually don’t: cell phone protection plans. I’ve never considered these plans and I’m pretty sure I never will. But I tend to baby my cell phone. And most people don’t…
Each of the Big Four phone carriers has some sort of cell phone insurance plan. Basically, you pay a set fee each month, and a deductible when the unthinkable happens. You then get a new/refurb phone, and everyone’s happy, right? Not necessarily, if you look at your actual cost for the replacement.
So let’s say you were six months into your contract and you lose your phone. Factoring in monthly costs and the deductible, it would end up costing you:
Verizon: $4.99 per month * 6 months + $50 deductible = $79.94
“Asurion may fulfill claims with new or refurbished equipment. In general,... ... read more (www.nokiaphoneblog.com)