Smartphones are more than just communication devices; they're daily companions. With a significant amount of our savings often invested in these devices, protecting them becomes paramount. This brings us to the world of phone insurance. Dive deep into what phone insurance is, the role of deductibles, and find answers to some of the most commonly asked questions.
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What is Phone Insurance?
Phone insurance is akin to an umbrella on a rainy day but for your phone. It's a protection plan offered by wireless providers or phone manufacturers. It covers costs to repair or replace your phone if it's damaged, lost, or stolen. While similar, it extends beyond the basic manufacturer's warranty, which often only covers defects.