Originally Posted by unplugged1
I have five lines with smartphones on each. I am considering no insurance. With the rate with Sprint insurance rising to $8, that is $40 a month for insurance. I could put that money in a savings account and have $480 a year for a replacement phone. With that much money, I could afford a lost phone each year. (Not even adjusting for the deductible.)
Self-insurance might be the answer if you don't destroy your phone very often. Also, remember that every phone has a one-year warranty from the manufacturer.
I hear you, but what if you hose two phones in a year. Then another one the next year. I hate the cost myself, but it gives peace of mind for such an expensive device.