Your heart probably stopped the first time you dropped your iPhone. We know ours would have. Still, that’s not the only time you dropped it, right? The iPhone, magnificent though it is, is not invulnerable. You need to insure it to protect your investment. Here’s how it works.

How iPhone Insurance Works And What Are The Types Of iPhone Insurance

How iPhone Insurance Works
1.       Provide your iPhone’s details, such as model, memory, date of purchase, and cost to your insurer. Note that you can obtain iPhone insurance only if you’ve purchased the device within the last 12 months.
2.       The second step is to determine your premium payment mode – you can opt for monthly payments or opt to pay a single lump sum per year.

3.       The third step is confirmation of your details and insurance coverage. Your insurer, for example,, will follow this up with a policy form for you to read and sign. It’s quite possible that an iPhone insurance will be sent to meet you to discuss the modalities. If you’re happy doing everything through email and courier, you can get your iPhone insured without meeting anyone at all. That’s how convenient your insurer can make it for you.

Now You’re Covered
Be sure to read the available insurance types and options carefully before selecting the one you want. You’ll have to consider the premium you’ll be paying, so poetize your coverage criteria. For example, do you want coverage for loss, theft, accidental damage and additional data services such as backup and identity protection? Several insurance packages, or types, will be available.
Know that once you’re covered, you should be able to claim a replacement as soon as your device is lost. If your iPhone model is available, you should receive a replacement within two days. If your insurer will compensate you so you can buy a new iPhone.

Types of iPhone Insurance
Most top iPhone insurers including will provide coverage for several mishaps. Depending on the kind of coverage you want, iPhone insurance comes in various types. There are policies that cover only accidental damage (perfect for clumsy owners), and policies that protect only against theft or loss.

Insurance For Mechanical Issues
This type of insurance is recommended to cover any mechanical issues that might crop up post your manufacturer’s warranty. This is called an ‘Extended Warranty’.

Insurance for Accidental damage
If you drop your iPhone and break its screen, for example, you can claim for a replacement or repair. Accidents happen, and if you’re someone with butter fingers, you’ll need this type of coverage.

Insurance For Liquid Damage
Just in case you happen to drop your iPhone into the toilet, or spill coffee on it. Statistics indicate that 75% of Americans use their phones while in the bathroom. Go figure.

Insurance For Lost Or Theft
Statistics indicate that only 38% of iPhone users bother to protect their iPhones with a password. So if your iPhone be stolen or lost, you’re a sitting duck for information and identity theft. What you need is a comprehensive coverage for loss and theft, along with a data services plan for backup and data protection.