Insurance Now Available for iPhone…at a Steep Price
Published: Wed 30 Jun 2010
Careless iPhone owners may now insure their handsets against accidents and losses. However, with a $12/month fee and a deductible of $199 for the latest version of the iPhone, it probably makes more financial sense just to be cautious with the device.
The iPhone insurance policy provided by Asurion protects damaged, stolen, or lost iPhones and is the only authorized plan from Dallas-based carrier AT&T, the only company currently offering wireless service for the iPhone.
While the iPhone 4 is priced between $199 and $299 with the signing of a two-year contract with AT&T, customers would have to pay the phone's full retail price of $599-$699 to replace the device in the middle of a contract.
The iPhone insurance coverage costs $12 per month and requires policyholders to pay a $199 deductible in order to replace an iPhone 4, but only $50-$100 to replace older iPhone models.
Recent Articles
- Profits at Prudential Soar in Spite of Scuttled AIA Deal
- Thu 12 Aug 2010
- New Jersey Regulators OK Prudential’s Life Insurance Payouts
- Wed 11 Aug 2010
- Royal Bank Looking to Sell Liberty Life
- Tue 10 Aug 2010
- National Flood Insurance Program $18 Billion in the Red
- Mon 09 Aug 2010
- AIG Posts $538 Million Loss for Second Quarter
- Fri 06 Aug 2010
- Allstate Earnings and Sales Drop
- Thu 05 Aug 2010
- Landslide Vote against Obamacare in Missouri
- Wed 04 Aug 2010
- Senator Schumer to Introduce Bill on Life Insurer Payouts
- Tue 03 Aug 2010