This is like a general insurance for a mobile instrument from loss and/or damages under this policy they are get the solution based on the occurred problems.
Mobile insurance can be covered for the
- Fire.
- Riot, strike, malicious damage and terrorist activities.
- Theft.
- Accident.
- Fortuitous circumstances.
- Mysterious disappearance.
Exclusively cover of the insurance:
- Theft from unattended vehicles, except from fully enclosed car that is securely locked.
- Theft, loss or damage during the hire or loan to a third party.
- Mechanical and electronic breakdown or derangement.
- Overloading and experimentation involving imposition of any abnormal conditions.
- Damage by wear and tear, vermin, atmospheric or climatic condition or gradual deterioration, inherent defect or from any process of cleaning, repairing or maintenance.
- Loss or damage due to war or nuclear perils, loss by water or from any water borne craft.
- Intentional or willful act of the insured party.
Top mobile insurance companies:
Apple Care
Under this insurance scheme named Apple Care program, each iPhone tends to be available with a year of limited warranty and a period of 3 months of technical support. There is also an additional protection plan under which there is an availability of extension of two years from the date of purchase and it also encompasses the option of repair as well as replacement of parts during that period.
Nokia Insurance
Nokia along with New India Assurance has come up with an insurance scheme for mobile users. The highlights of the schemes are that New India Assurance is a government-based organization and the premium fixed is of only Rs. 50 only. The range in this regards is up to1.25% of the price of the mobile. The scheme covers both the loss of the phone as well as any damage because of daily usage or faltering of the internal components. The best part of this insurance scheme is that these are a pick and drop facility as well but that only restricted to a few selected cities.
Samsung Mobile Insurance
Samsung insurance for the mobile is valid only for Galaxy S3 and Galaxy Note 2. Under this insurance scheme, the handsets which have been insured may be repaired or replaced in case of an eventuality of moisture trap, carelessness, and locations dangers, partial or complete breakdown and even in the eventuality of a loss.
Saholic
Saholic.com is the online entity offering mobile insurance schemes as a protection against theft and stealing of the mobile phones as well as tablets. The difference is that this insurance scheme comes with a voice calling facility. In addition, it is offered in partnership with New India Assurance. You can avail it at a premium of 1.5% of the mobile when the device was purchased.
Sony
This company too is toying with the idea of launching insurance schemes which are purely for their Xperia line up of phones. According to rumor, Sony is contemplating to include damage due to water as well. This is something that most of the insurance schemes do not cover and is a very common reason for the damage of the phone.
Mobile Assist Premium Plan
This is indeed one of the best insurance plans until data since it covers data loss and offers all possible options for recovery of the same. It also takes into account remote data wipeout and makes sure that the data of the user cannot be misused under any condition; one the user reports the phone to be lost. The scheme also offers a backup option wherein you will get everything including data, pictures, video and even contacts back. In the meantime, the insurance company will provide another Smartphone for temporary usage. This insurance scheme is available at a range of Rs. 1,999 to 15,000.
Micromax
The company is planning on assurance plans which will include insurance plans as well for all the models of Micromax apart from many other enviable features.
Apart from the companies as in cell phone manufacturers, there are other such as LG and HTC too which had announced regarding their intention of coming up with insurance schemes in the past. However, these plans went kaput since they found out that there were many claims which were exaggerated and there was a great difficulty in the verification of the claims.
