iPhone Insurance: Comparing Apples with Apples

[n2_edmond]

I is important to compare "Apples to Apples". Just getting Deductible generally tells only 1/4 of the story. I hope the following helps.

ENSQUARED:

1 year Accidental Damage, Lost & Stolen:

Premium Pre-paid one time: $98.99
Independent max claims in 1 year: Two
$ Limit per claim: $1000
Deductible per Claim: $150

VALID COMPETITORS FROM PROVIDERS:

AT&T

Premium: $144 pa
$1500 Claim limit (only need above $700)
$199 Deductible
Must buy iPhone from AT&T

VERIZON

Premium: $130 pa
$1500 Claim limit (only need above $700)
$170 deductible but must buy iPhone from Verizon
Must buy iPhone from Verizon

NEAREST INTERNET COMPETITOR

Premium of $94 pa (with admin fee);
$600 claim limit;
$50 deductible;
Excludes LOST from coverage

This means:

You don't have full coverage as Claims may argue case between LOST and STOLEN when you make a claim. There is serious gap in their coverage in our view
Although $50 deductible looks low, so is claim limit. FYI: It costs $700 (sometimes $699) to replace new iPhone 4 32 GB - therefore on claiming IF claims accept for a missing iPhone you get $600 - $50 deductible = $550 cash, leaving you with $150 (4149) to get new replacement, If $100 not requested and just replaced then almost certain the replacement is refurbished. Our claim value allows for new replacements

If you want to buy our policy after perusal:

Go to BUY on top row;
Click on iPhone picture;
Find 1 year program row;
Click on product details in the 1 year row;
if you like what you see - click on BUY or ADD TO CART button and go through buying process

Any other questions don't hesitate to ask. All above numbers are close approximations. you should do your own verification