iPhone Insurance: Is It Required?

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Since iPhones have become one of the most favorite buys of the present generation, iPhone insurance has become a booming market. These gadgets are definitely the most prized possessions people would like to have. However, do you dread to think what will happen if you accidentally lose it?

Relax! There is good news now for all the iPhone users- iPhone insurance has been introduced in the market to give protection to your expensive buys and most importantly, to give you some peace of mind, which you definitely need when you take your iPhone out. This will surely enable you to use your prized possession with more confidence than ever before! Many third-party companies offer insurance for iPhone, but it would be a good idea to do some market research before actually going for insurance.

Apple, who manufactures the product, has come up with a year's warranty and also an extended warranty; but this warranty gives you protection only in case of manufacturing defects and repairs. However, it does not cover theft and damage that may result from any mishandling and does not even cover the accidental damages that will include everything from spills, water damage, damages from drops. Apple's warranty covers only the product failure and not any of the damages that may result from mishandling. However, the iPhone insurance will cover all these accidental damages including theft and all you need to do is buy the insurance for as little as $15 per month, depending on what kind of coverage you would go for.

The iPhone insurance in some cases will also cover accessories amounting to $250 dollars. In addition, some of the companies offer worldwide coverage; but these are definitely those high-priced policies. Nowadays, the trend is that when you buy an iPhone, the insurance comes with it more as an add-on purchase and this is preferred by most. But most of the insurance companies offer the insurance on their own terms and conditions, like not covering the theft of the iPhone if left unattended in a public place. The iPhone insurance is thus, one of the best investments that you will make, as these expensive gadgets often tend to get lost and are dropped quite often.

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