insurance - verizon or square trade?

[k.electron]

does getting insurance make sense?

and if so, verizons $8/month-$89 deductible, or square trades $6/month-$50 deductible?

on paper it looks like no reason not to go square trade, but if there are caveats any of you know about, please let me know.

Thanks.

 

[bishop0114]

does getting insurance make sense?

and if so, verizons $8/month-$89 deductible, or square trades $6/month-$50 deductible?

on paper it looks like no reason not to go square trade, but if there are caveats any of you know about, please let me know.

Thanks.

Go for it... I wound up using it twice in a month and they sent me a brand new phone both times with NO hassle at all.

Of course they canceled me after the second replacement (per the agreement - 2 replacements a year).

 

[Ed Zachary]

bishop,
Is that two replacements per year per phone or per account?
We have three phones on our account.

 

[opcode1300]

you can use 'lovemom' coupon code

Mother's Day Sale!  	-$28.80

 

[k.electron]

Go for it... I wound up using it twice in a month and they sent me a brand new phone both times with NO hassle at all.

Of course they canceled me after the second replacement (per the agreement - 2 replacements a year).

so 4 replacements over the course of the warranty not exceeding 2 every year.
sounds like a good deal.

what is the 30 day exclusion thing that i read on the squaretrade faq page

"Exclusions: There is a 30-day exclusion window after you first purchase your item."

what does that mean?

 

[k.electron]

you can use 'lovemom' coupon code

Mother's Day Sale!  	-$28.80

nice thanks, i also found another one

THIRTY30 for 30% or 30 whichever is lower.

 

[scarter11]

The 30 day exclusion means you can not submit a claim until 30 days after you purchase the warranty. I bought a titan on eBay and got the square trade warranty. Within a month the keyboard starting getting flaky, and then quit working altogether. I just used another phone until the 31st day.

 

[mycomputerisjunk]

It looks like square trade makes you pay the entire 2 year fee upfront. Is that correct? I notice on the iPhone plan, you can pay monthly.

 

[spotmark]

I have never purchased the insurance for my cell phones, and never had occasion to wish I had. With the money I've saved on three lines through the years I could buy two Incredibles at retail.

 

[bishop0114]

bishop,
Is that two replacements per year per phone or per account?
We have three phones on our account.

I have to assume it is per phone. I had the TP2 replaced twice. I just ordered the Incredible and they started my insurance again.

 

[k.electron]

I have never purchased the insurance for my cell phones, and never had occasion to wish I had. With the money I've saved on three lines through the years I could buy two Incredibles at retail.

yes ive never destroyed a phone either, so all the insurance i saved in the past is good. but insurance protects against future unforeseens and not what did not happen in the past. that is why we have car insurance, even though most people dont have accidents, and health insurance.

 

[hexto]

I have to assume it is per phone. I had the TP2 replaced twice. I just ordered the Incredible and they started my insurance again.

I had a similar scenario with my secondary line and VZW re-instated my insurance when I bought a new phone then dropped me a month later. They refunded me but stated that Asurion would not accept my policy due to the fact that I had to be "dropped" for 12mo.

 

[hexto]

I just read the fine print. I'm sticking with VZW's insurance because they cover loss. Square Trade says "Please note that SquareTrade does not cover loss" which doesn't work for me. I've lost a phone fishing, I've had a phone stolen, and I dropped a phone in a sewer once. I need phone replacement after losing it

 

[k.electron]

I just read the fine print. I'm sticking with VZW's insurance because they cover loss. Square Trade says "Please note that SquareTrade does not cover loss" which doesn't work for me. I've lost a phone fishing, I've had a phone stolen, and I dropped a phone in a sewer once. I need phone replacement after losing it

that is a good use case for verizon. here is the breakdown now that i understand it fully

Verizon(Asurion)
Cost: $192 for 2 years (pro-rated every month)
Cancellation: whenever
Deductible: $89
Coverage: Defect, Damage and total loss.
Exclusions: Nothing really.

vs.

SquareTrade
Cost: $144 for 2 years (-$40 with 'lovemom' code) pay upfront
Cancellation: whenever with remaining charge refunded.
Deductible: $50
Coverage: Defect and Damage
Exclusions: first 30 days.

If you want to save a lot of money, will not destroy it in the first 30 days (wait until after to submit a claim), and are not going to lose it, then SquareTrade wins hands down.

Mostly people who are afraid of losing their phone need Asurion.

 

[giantcrazy]

Thanks for the breakdown, saved me having to read through Squaretrade's policy. I just picked up two DI's, and one is for my wife, who can lose anything. Looks like ST is out.

 

[cpbills]

i just add my phone as a rider on my renter's insurance...

i have a lot of things itemized already, and it's a $0 deductible, and probably bumps my premium (for a $530 phone) by about $5/year...

 

[kdkinc]

Had good result with Asurion

I had to replace my i910 some how it stopped working. (another story)
Walked out with a Omnia O2

I may save a few bucks with Square Trade but VZW and Asurion stepped up to the plate. Insurance is protection against unplanned catastrophic loss. (I'm a Flashaholic)

How much is peace of mind worth ???

Go for the Asurion....




PS Incredible in my future !!!!

 

[wethead4]

I still think 90 bucks is steep for a deductable, not to mention that is in addition to the 8 bucks/month, 96/year... I'd rather pay an extra 70 bucks to reduce the 2 year to 1 year contract renewal, and take my chances that for 10 months the phone will be OK. Then have the option to keep going or upgrade to something new. Not to mention, you are already covered under warranty for 1 year so essentially all your paying for is accidental damage/loss (which i agree is a lot but so is the deductable and monthly charge)

I had to replace my i910 some how it stopped working. (another story)
Walked out with a Omnia O2

I may save a few bucks with Square Trade but VZW and Asurion stepped up to the plate. Insurance is protection against unplanned catastrophic loss. (I'm a Flashaholic)

How much is peace of mind worth ???

Go for the Asurion....




PS Incredible in my future !!!!

 

[k.electron]

I had to replace my i910 some how it stopped working. (another story)
Walked out with a Omnia O2

I may save a few bucks with Square Trade but VZW and Asurion stepped up to the plate. Insurance is protection against unplanned catastrophic loss. (I'm a Flashaholic)

How much is peace of mind worth ???

Go for the Asurion....




PS Incredible in my future !!!!

by flashaholic I suppose u mean u constantly flash the rom, which can brick your phone. that is not explicitly but covered with square trade if u dont tell them u willingly bricked the phone. ST simply doesnt cover losing the phone, like for example ejecting it into space with terminal velocity, or theft. if ur phone bricks, just send it in and receive a brand new one.

unless u lose your phone for good, or are stolen, ST ftw. read good reviews about them too, i dont feel like paying asurion so much more just to cover a corner case of theft.

 

[krelvinaz]

I use the insurance that comes with the phone. Company pays for it. Paying full pop because a phone is lost/broken or stolen is not fun.