- I have found a possible insurance policy you can buy from State Farm from $30.00 a year. The only stipulation the policy has from what I have seen is the device must cost more that $400 to replace. State Farm will cut you a check for the full replacement cost of the phone in the event that the phone is lost, stolen or damaged with no deductible at all. I am looking into this more to replace the $5.99 I pay per month to VZW for insurance with a $50 deductible for a refurb phone.
I was just wondering if anyone has heard of this, or may have this insurance policy?
If this is a good policy, this will be much cheaper than the insurance the Cell Phone Companies provide.
Once I get more info back from my insurance agent I will pass it along.03-16-09 03:04 PMLike 0 - This sounds like an add on to insurance that you already have. My renters insurance has an add on like that for my computers and other electronics. Covers my computers if they are lost due to damage, fire, stolen, etc while in the house, car or while with me.
If this is indeed something that have as a cell phone only policy, that would be great. But I have a feeling if it is, the policy has to be taken out within a certain time period of buying the phone.03-16-09 04:13 PMLike 0 - No it is not an add on, and you don't even need to be a State Farm customer. Here is the email fdrom the agent.
The phone must cost at least 400 dollars to replace,other than that we will cut you a check for the full replacement cost of the phone in the event that the phone is lost stolen or damaged with no deductible at all.This policy is with state farm insurance ,so if you are not a current customer we would like the chance to quote your home and and auto insurance but purchase is not required to get the phone policy.Thanks
Posted from my CrackBerry at wapforums.crackberry.com03-16-09 05:22 PMLike 0 - I might have to take a look at that. Already have auto insurance through State Farm.
Posted from my CrackBerry at wapforums.crackberry.com04-07-09 01:51 AMLike 0 - Does this mean they will cut a check for the retail value of the replacement BB, irregardless of the discounted price paid to get the BB with a contract extension?
Posted from my CrackBerry at wapforums.crackberry.com04-07-09 01:56 AMLike 0 - No it is not an add on, and you don't even need to be a State Farm customer. Here is the email fdrom the agent.
The phone must cost at least 400 dollars to replace,other than that we will cut you a check for the full replacement cost of the phone in the event that the phone is lost stolen or damaged with no deductible at all.This policy is with state farm insurance ,so if you are not a current customer we would like the chance to quote your home and and auto insurance but purchase is not required to get the phone policy.Thanks
Posted from my CrackBerry at wapforums.crackberry.com
I'd have to look at the actual policy language first rather than deciding based on email from this agent. (You don't see terms like "cut you a check" in insurance policies!) Paying $5 a month for the AT&T insurance is not that bad (although it is twice as much as this State Farm policy) -- it's the freakin' $125 deductible that kills me.04-07-09 06:50 AMLike 0 -
Posted from my CrackBerry at wapforums.crackberry.com04-07-09 09:59 AMLike 0 - I have found a possible insurance policy you can buy from State Farm from $30.00 a year. The only stipulation the policy has from what I have seen is the device must cost more that $400 to replace. State Farm will cut you a check for the full replacement cost of the phone in the event that the phone is lost, stolen or damaged with no deductible at all. I am looking into this more to replace the $5.99 I pay per month to VZW for insurance with a $50 deductible for a refurb phone.
I was just wondering if anyone has heard of this, or may have this insurance policy?
If this is a good policy, this will be much cheaper than the insurance the Cell Phone Companies provide.
Once I get more info back from my insurance agent I will pass it along.
Posted from my CrackBerry at wapforums.crackberry.com04-20-09 02:27 PMLike 0 - I'm with State Farm and have a personal articles policy for stuff like jewelry, watches, things like that. And I have had to file a claim with them before -- easy as pie, no questions asked, they just cut a check. When you get the policy you must prove the price you paid (value) and that is the amount you'll get back if you file a claim. I'm not sure if they take into consideration the depreciation of electronics like phones, but I doubt they would. In other words they would pay you to replace the phone with a comparable model today (Niagara when its out), not pay you to replace your 2 year old Curve with another Curve.
Of course the catch is that if you keep filing claims for lost phones, they will raise your rate or cancel you. Insurance Co is betting that you wont lose it, while you are better that you will. If you keep winning the bet, they will raise your fee to play; so don't try scamming them to make easy money.04-20-09 02:40 PMLike 0 - I just checked and State Farm can't cover cell phones in PA, no matter how expensive they are. At least that's what the agent told me.
I'm really annoyed that T-Mobile's deductible is $130. That is high enough that it puts it in the "I don't know if I can justify this" category for me when you add it to the $5.99/month you pay to carry the insurance.
Btw, I have a Blackberry Curve (Javelin) 8900.
Advice anyone?04-27-09 12:20 PMLike 0 - well lets see 130 to replace your broken phone or 500 for a new one. does not seem like that hard of a choice.
i need to look into this thou i have state farm auto and home owner insurance so yea this could save me money04-27-09 01:08 PMLike 0 - After reading this thread, I called my State Farm agent to see if I could add mine to our policies.
He stated that SF no longer insures SmartPhones under any policies, as add on's or stand alone, due to extensive claims. I won't pay Verizon's high rates--just have to remain careful with it.
Joe04-27-09 01:45 PMLike 0 - funny i just emailed my agent and they said i can absolutley insure my phone for 30 bucks a year. their going to send me details and all i have to do is send them the serial numbers and value. their also going to insure my digital camera04-27-09 01:54 PMLike 0
- Insurance is park of a lifestyle that includes risk management. For somethings like a car or your blackberry, if the risk exceeds the value you can afford to replace then think of it like a condom: I'd rather have it and not need it than need it and not have it.
For me, the risk does not exceed the value of the phone, therefore I do not have phone insurance. I do however have collision insurance on my car.
Posted from my CrackBerry at wapforums.crackberry.com04-27-09 02:05 PMLike 0 - yea i have insurance on everything. i cant afford to pay retail to replace the things i have so i insure it. i figure i leave the house with my camera and my phone im walking around with over 1200 dollars of electronics on me. knowing that if someone decides to take it or it gets damaged somehow all i have to do is make a call to get it replaced makes me feel better04-27-09 02:45 PMLike 0
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