If insurance does't qualify me for a new phone if something goes wrong, why am I paying for it?
Insurance gets you a replacement at a cheaper cost than if you weren't eligible for upgrade. Let's say you're anywhere from 6-12 months into your contract and your phone gets stolen. If you didn't have insurance you would have to pay anywhere from $100-600 to get a new phone (depending on the phone you wanted). With insurance you only pay a small deductible to get a replacement either $40 or $80 depending on your device.
Of course, if you're eligible for any type of upgrade that will probably end up being the more logical route to go, but if you're not eligible for an upgrade and don't have insurance it can be difficult and expensive to get a replacement device.
Some find value in insurance, some don't. If you don't see any value in it, then don't pay for it. It's as simple as that.
nmchileman wrote: Insurance gets you a replacement at a cheaper cost than if you weren't eligible for upgrade. Let's say you're anywhere from 6-12 months into your contract and your phone gets stolen. If you didn't have insurance you would have to pay anywhere from $100-600 to get a new phone (depending on the phone you wanted). With insurance you only pay a small deductible to get a replacement either $40 or $80 depending on your device. Of course, if you're eligible for any type of upgrade that will probably end up being the more logical route to go, but if you're not eligible for an upgrade and don't have insurance it can be difficult and expensive to get a replacement device. Some find value in insurance, some don't. If you don't see any value in it, then don't pay for it. It's as simple as that.
I took DCON's question as to why, with insurance you do not receive a NEW PHONE, if you are paying what I would call a deductible to receive a refurbed one.
ok, but thats the whole reason why the insurance is not free, you pay for it! and the premium is not cheap. Maybe the word ENTITLED sounds a bit rude, but you WOULD expect to get a NEW replacement phone when you actually pay extra $7.99/mo (that is how much I pay)
tim600sl wrote: ok, but thats the whole reason why the insurance is not free, you pay for it! and the premium is not cheap. Maybe the word ENTITLED sounds a bit rude, but you WOULD expect to get a NEW replacement phone when you actually pay extra $7.99/mo (that is how much I pay)
And as chile said a few posts back - "Some find value in insurance, some don't. If you don't see any value in it, then don't pay for it. It's as simple as that."
I looked at our phones, and the cost of the insurance multiplied by the 4 phones on our plan, and the cost of replacing one if something should happen, and decided we were better off pocketing the (then) $20 a month and just eating the cost of a new phone if and when the need arose. We had a few older Verizon phones from previous upgrades that would get us by, and with the various upgrade eligibilities we had it was more cost effective for us to drop the insurance.
You need to decide if it will work for you, and if it isn't worth it, then don't pay for it. It's totally in your control!
