Which Cell Phone Insurance is the Best for your Samsung Galaxy S IV

Posted on May 15 2013 - 6:11pm by Brian

Think about what your biggest consumer purchase was in the last couple years. Unless you are a sartorially inclined, wealthy socialite who fancy’s fine leather goods, it was probably your smart phone. You might say “hey, my phone was only $199,” but then we would be forgetting the built in 2 year contract.

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If you were to lose or break your phone, you would have to replace it with a new device which if it were a flagship device such as the Galaxy S IV, would set you back another $600! So then the real question is, if you insure significant purchases like a car or home, why not insure something that is much likelier to be catastrophically destroyed or completely lost any day of the week?

If you are absolutely confident that you can avoid such a scenario, we can only say good luck to you, however, if you are a typical user who finds themselves dropping, cracking, submersing or somehow breaking your smartphone, do read on.

Since the Galaxy S IV has just been released, ee searched the web for the top rated mobile device insurers and consolidated them into a tidy list so you can choose which will be the best for your brand new S IV. Without further ado, let’s begin!

1. Square Trade

Square Trade

  • 2 year premium: $99.00
  • Deductible: $99.00
  • Coverage: Accidental damage, liquid damage
  • Max # of claims: 4
  • Max claim value: Unknown
  • BBB Rating: A+
  • Eligibility: Phone must be less than 30 days old

Squaretrade is a reputable insurer that is well known throughout the industry. There accidental damage plan covers everything from standard use failure, to catastrophic damage such as a cracked display or water damage. They will first attempt to repair your device at their repair depot, but will send you a replacement if repair is not a viable option.

2. Ensquared

Ensquared

  • 2 year premium: $99.00
  • Deductible: $75.00 max
  • Coverage: Accidental damage, liquid damage, loss and theft
  • Max # of claims: 3
  • Max claim amount: $1000 per claim
  • BBB Rating: A
  • Eligibility: Phone must be less than 90 days old

Ensquared offers very solid coverage with up to 3 claims worth $1000 each, over the course of their 2 year contract period. Their insurance also covers loss and theft with promise of quick turn around.  Ensquared is a good for for users who frequently incur catastrophic damage on their phones.

Th grace period for which a phone is eligible for coverage is 90 days, so you have some time to decide after you buy your Galaxy S IV.

3. Protect Your Bubble

PYB

  • 2 year premium: $143.99
  • Deductible: $50.00
  • Coverage: Accidental damage, liquid damage, loss and theft
  • Max # of claims: Unlimited
  • Max claim amount: Up to your device’s retail value
  • BBB Rating: A+
  • Eligibility: No purchase deadline
  • Other: Next day replacement

Protect Your Bubble is the only insurer who covers damage from volcano blasts! In all seriousness though, PYB may have the highest upfront cost but they offer next day replacement, and protection from accidental damage, theft and “loss & mysterious disappearance.”

In addition to repair and replacement, PYB claims that:

If your device is stolen, we go beyond just replacing it; we work to protect you and your personal information. Everything from your bank account to your email’s password could be stored in your apps or web cache, and if someone were to take your phone or tablet, they could be getting a lot more than just your device. If your phone is stolen, we’ll give you access to Credit Monitoring Services for three months to help you keep an eye on your credit.

That is some darn good customer support.

4. GoCare

Gocare

  • 2 year premium: $97.00
  • Deductible: $50.00
  • Coverage: Accidental damage, liquid damage
  • Max # of claims: Unlimited
  • Max claim amount: Up to your device’s retail value
  • BBB Rating: A
  • Eligibility: No purchase deadline
  • Other: Loaner phones

GoCare’s most attractive feature is that they will service an unlimited amount of claims. This is good for users who may frequently encounter smaller repairable issues. You also need not worry about downtime during repairs, as they are the only insurer to offer loaner phones. In addition, GoCare is a solid choice for older phones because there is no purchases deadline to be eligible for coverage.

Even according to their website, 95% of devices are repairable, so don’t expect them to be too eager about sending you a new device. If you can live with a repaired device an the accompanying wait times, GoCare is the way to go.

Final Thoughts

Overall, all of these insurance policies are well rated (BBB A or better), and promise prompt service (72 hours or less). It’s up to you to gauge how likely you are to damage your phone enough to warrant a repair or replacement, and which cost bracket is appropriate for you. Always messing up your device? It wouldn’t be a bad idea to pay for the highest coverage with the fastest turn around. Rarely do anything to your device? Just get teh cheapest solution as a safety net in case you do end up proving Murphy’s law.

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