Smartphones have become an integral part of our lives. The smartphone market is booming in India and people are now heavily investing in purchasing as well as accessorising their phones. With the advent of various security features, apps and pricey phones smartphone insurance have become a necessity.
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Listed below are 5 reasons that highlight the importance of Smartphone insurance policy:
Most of the Smartphone manufacturers offer you a warranty period of 1 year. This is not enough provided the money that gets invested in a high-end phone. The insurance will help you get an extended warranty and thus save your phones from burglary or damage for almost 3 years. You can repair your phones and get insurance cover for damages resulting from water clogging, screen damage or battery damage.
With the launch of various Smartphone brands in India people are relying on their insurances to recover from manufacturing defects. Some smartphone companies do not have dedicated services centers in all parts of the country and service centres located in major cities sometimes do not have the damaged parts that need replacement.
However, smartphones insurance cover excludes certain damages resulting from theft, burglary or accidental physical damage.
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Smartphones come with high end security features. But even if you are equipped with the best security features you never know when and how hackers will get into your social media accounts and you might end up compromising on your data. To keep your data safe you may opt for a cyber insurance policy. Cyber insurance will save you from modern perils of identity theft, bank details theft, phishing, malware attack etc.
Since smartphones are electronic devices, you can expect some damage in the form of software failure. You may also come across hardware damages as these devices are fragile. To safeguard
There are certain instances when the insurer is not liable to accept your claims. Exclusions of the smartphone insurance policies are listed below:
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Contrary to popular belief, filing Smartphone insurance is not time consuming. The process is quick and simple. You can file your claim online within 48 hours of damage or theft of your smartphone. You have to upload your insurance details and provide the insurer with documents like the purchase invoice and receipts. Additionally, you also have to submit a copy of the police FIR in case of loss or theft.
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