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Originally Posted by bjanow
Haha. But does it really increase the prices? How many people actually brick a phone and then "lose" it? The reason our insurance costs went up is because there is no regulation in the industry and they can do whatever the heck they please. They're a corporation, just ask the SCOTUS.
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One big factor for cost increases in most industries is loss. If people are losing products, customers, revenue, time etc. The cost of their product or service will increase to counteract that loss. Verizon put an outrageous ETF on their smartphones because of what happened with the Storm and that is just one quick example of cost increasing due to loss.