Contributor
•
1 Message
Multi-Device Protection Pack Insurance and Support
Hi,
My cell phones are now paid off. I'm wondering if it's beneficial to keep the multi-device protection pack insurance and support? What are the pros and cons of maintaining this expense?
Thank you!
formerlyknownas
ACE - Sage
•
117.5K Messages
7 years ago
Do some math and research on each phone you have.
If you have to replace a phone the deductible is at least $125, and you are still paying $35 a month.
Is it worth what you pay in knowing this: You get the same model, refurbished phone. Depending on the phone, if it's 2 years old, do you want another 2 year old phone? Especially if it's been around the block and the retail value may be lower than the deductible.
Unless you are covering laptops, its expensive insurance.
Personally, I don't use insurance. In 20 years, many lines and phones, I estimate over $5,000 saved in premiums and only 3 losses.
0
0