I just got that message today. I will be dropping the insurance before the week is out. I don't need the crap anyway.
Knowing them, the $80 deductible will probably only go to $75
I was wondering the same thing. When I got my phone I know the deductible back then was $85
and they would give you a refurbished phone. The insurance cost then was $4 per month
($48 per year).
I also know the deductible varies, depending on the price of the phone. I paid $229 for this phone back in November 2010. Since the Optimus is now $149 brand new
(current pricing on MetroPCS.com) I was curious what the deductible price on that price would be, even before this new insurance announcement.
$48 per year (old amount) + $85 deductible (old amount) = $133. For a refurbished phone.
Brand new phone = $149.
So, I was about to cancel the insurance!
I'm practically paying for a new phone anyway, but would only get a refurbished phone. The insurance made sense back when the phone was priced over $200.
Now that the insurance has gone up to $5 per month, that's $60 per year. Well, the new deductible better be something like $30!