The mobile phone insurance market is consolidating.  Because of an unfortunately high fraud rate (and yes, fraud is completely illegal and a jailable offense but some idiots still figure they will get away with it – it just takes a lot of administration to filter it) the market is being hit.  Particularly with iPhone insurance – most likely because the fraudsters see this as a high value phone that the insurance claim can pay out and get them a free one.

It is unfortunate because the knock-on effects are that mobile phone insuranc prices are likely to rise because of this.

All that said, outside of the iPhones, the mobile phone insurance policy itself continues to be very popular with genuine customers who simple want to insure their mobile phone and get it covered and protected.

We’ll see what the future holds for policy changes.  The market may move towards more annual polices with discounts rather than monthly payments for the phone insurance

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As you are probably all aware there is a huge rise recently in the theft of mobile phones When you also consider that almost all of the mobile phone makers are producing and designing increasingly complex and sophisticated phones, it’s easy to understand how this particular type of theft is becoming more and more of a problem

Did you know, that every 2 minutes a mobile phone is stolen in the UK? As well as the fact that your phone will cost you a lot of money to replace, breaking or damaging your phone beyond repair is an incredible inconvenience due to the fact that you will probably lose all your personal details and stored contacts.

Your phone is now quite precious to you, and so is the information you keep inside it.

Even the procedure you must follow if you are unfortunate enough to have your phone stolen or damaged is simple In the case of theft you must report the incident to your police station to get an incident number which should be submitted along with the claim forms.

It could be that you are the type of person to leave your phone behind on the bus or drops it onto the floor If so mobile phone insurance is certainly for you It’s doubtful whether or not your household insurance policy will provide proper cover for your mobile phone The Legal & General carried out a recent survey which revealed that whilst 22% had their mobile phones insured, only 17% had life insurance.

A couple of safeguards you can take are to make sure you record your phones IMEI number and to use an ultraviolet security marker to write your postcode and number of your house in a discreet place such as under the battery.

It is therefore most important that you take out a good insurance especially if your phone is one of the expensive models Do not be fooled by the sales man or woman in the shop where you bought your phone They receive extra commission for selling insurance which it is generally much more expensive than you can get online, as well as not offering as beneficial a package.

Do you own a mobile phone? It’s a pretty good guess that you certainly do because, let’s face it we all have a mobile. If you are one of the more fortunate people who owns a nice spanking new expensive phone you really should consider mobile phone insurance.

It’s amazing the things that can go wrong when you least expect it. Mobile phone theft is one of the fastest growing crimes in the UK and it’s not always the fact that you are standing there with your phone in your hand speaking into it for it to be stolen. It could be in your handbag or your bum bag or briefcase, anywhere in fact. It can be stolen as part of another larger theft.

Damage to your phone can occur in many ways. The most obvious is dropping your phone on to the ground or hard surface. One incredible statistic which springs to mind although I don’t remember the exact number involves the number of mobile phones dropped down the toilet each year in the UK.

Now, I’m not sure if you’ve ever managed to drop your phone down the toilet because neither have I. The one thing I do know is that you will be very lucky indeed if your phone works again after being submerged underwater.

Mobile Insurance gives you tremendous piece of mind. I don’t mean you can be blasé about your phone as indeed any of your personal belongings simply because they are insured, however if you are one of those people I spoke of earlier with an expensive phone you will save your self an awful lot of money if anything bad indeed does happen.

Phone insurance fraud is what some people commit when they make bogus claims against their phone insurance.

This is completely illegal and something that the Police are actively against.

It often happens like this…

The person loses their phone or drops in it water…

They then go to their phone insurance policy Terms and realise that they are not covered for loss or theft…

They realise they are covered for theft (pretty much every phone insurance policy covers theft).

So they say their phone was stolen.

This is totally illegal and could well land them with a massive fine if not a jail sentence.

This is why you wnat to make sure your phone insurance does have loss and water damage and anything else that you think is important to you as part of your phone insurance