Phone Insurance Verizon: Protecting Your Investment

There is no denying that our smartphones have become an essential part of our lives. We use them for communication, entertainment, and even as a tool for work. As such, it is important to protect our investment from unforeseen incidents that could leave us without a phone.

This is where phone insurance comes in. With the right protection plan, you can have peace of mind knowing that your phone is covered in the event of loss, theft, or damage. In this article, we will discuss phone insurance plans offered by Verizon and help you determine if it is the right choice for you.

Verizon Phone Insurance Plans

Verizon offers two types of phone insurance plans: Total Mobile Protection and Total Equipment Coverage. Let’s take a closer look at what each of these plans entails.

Total Mobile Protection

Total Mobile Protection is an insurance plan that covers loss, theft, damage, and malfunction of your Verizon smartphone. In addition to phone protection, this plan also includes tech support and security features such as identity theft monitoring and antivirus software.

The cost of Total Mobile Protection varies depending on the value of your device. For smartphones valued up to $799.99, the monthly cost is $15. For smartphones valued at $800 or more, the monthly cost is $17.

In addition to the monthly cost, there is also a deductible for each claim. For smartphones valued up to $799.99, the deductible is $149. For smartphones valued at $800 or more, the deductible is $199.

Total Equipment Coverage

Total Equipment Coverage is an insurance plan that covers loss, theft, damage, and malfunction of any Verizon device, including smartphones, tablets, and accessories. This plan also includes tech support.

The monthly cost for Total Equipment Coverage is $9 for most devices. However, for smartphones and smartwatches, the monthly cost is $13.50.

Like Total Mobile Protection, there is also a deductible for each claim. For most devices, the deductible is $49. For smartphones and smartwatches, the deductible is $199.

FAQ

Question
Answer
What does Verizon phone insurance cover?
Verizon phone insurance covers loss, theft, damage, and malfunction of your device.
How much does Verizon phone insurance cost?
The cost of Verizon phone insurance varies depending on the plan and the value of your device. Total Mobile Protection ranges from $15-$17 per month, while Total Equipment Coverage ranges from $9-$13.50 per month.
Is there a deductible for each claim?
Yes, there is a deductible for each claim. The deductible varies depending on the plan and the value of your device.
How do I file a claim?
To file a claim, you can either visit a Verizon store or file a claim online through the Verizon website or the Asurion website.
Is there a limit to the number of claims I can file?
Yes, there is a limit to the number of claims you can file. For Total Mobile Protection, the limit is three claims per 12-month period. For Total Equipment Coverage, the limit is two claims per 12-month period.

Is Phone Insurance Right for You?

While phone insurance can provide valuable protection for your investment, it is important to determine if it is the right choice for you. Consider the following factors when making your decision:

  • Do you frequently travel or engage in activities where your phone could be lost or damaged?
  • Are you prone to dropping your phone?
  • Do you have a high-value smartphone?
  • Can you afford to replace your phone if it is lost or damaged?

If you answered “yes” to any of the above questions, phone insurance may be a good investment for you. However, if you are careful with your phone and have a low-value device, you may not need the additional protection.

Conclusion

While phone insurance may seem like an unnecessary expense, it can provide valuable protection for your investment. Verizon offers two phone insurance plans that can help you keep your device protected in the event of loss, theft, or damage. Consider your lifestyle and device value when making your decision, and remember to always read the fine print before signing up for any insurance plan.