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.
Yeah, but you have to pay to mail the phone back to the manufacture and the manufacturer doesn't cover EVERYTHING. And they could lose your phone and not return it to you. So you will have to buy a new phone. No telling how long it will take to fix a phone shipped off to HTC. No, thanks. The insurance is worth it in the long run. Who has time to not have a phone for over a month?