Is mobile phone insurance a waste?
Tuesday, 05 February 2008 12:00
A reader from London wants to know if she is wasting her cash buying mobile phone insurance when she has home insurance.
Our team of experts at insurance company LV= offers a helping hand.
Carolyn from London asks:
I pay £10 a month for mobile phone insurance.
I have home insurance, so am I wasting my money?
The team at LV= responds:
Your home contents insurance will cover you for replacing the phone; however it won't cover you for any calls made by the thief.
Having said this you need to check you have certain types of cover.
If you want the phone covered outside of the home, make sure you take out personal possessions as part of your contents policy as this will cover you while you are out and about.
If you want cover for damage in the home - i.e. you wash your trousers and then find you accidentally left the phone in the pocket - you should ensure you have accidental damage cover.
If you have a question for LV=, go to the myfinances.co.uk Ask the Expert section.
For more information on the issues discussed here, go to LV=.
Liverpool Victoria Insurance Company Limited is authorised and regulated by the Financial Services Authority and is a member of the Association of British Insurers (ABI).
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