Smartphone Insurance 101

Smartphone Insurance 101|

Buying a smartphone? With tech giants like Apple and Samsung releasing the latest “must­-have” devices every year, the question on everyone’s mind is: What’s the best way to protect your brand new smartphone?

Well, smartphones are an expensive purchase, so firstly, invest in a screen protector and smartphone case. Avoid situations that put your smartphone at risk, like Facebooking in the toilet, cooking, driving, or even talking loudly in the cinema (an angry fellow movie­-goer might give your smartphone flying lessons).

However, if those precautions still aren’t enough, why not consider smartphone insurance?

What Is Smartphone Insurance?

Smartphone insurance a.k.a. mobile device protection is a plan for smartphone owners who want comprehensive coverage against the loss, theft or accidental damage of their smartphones.

In Malaysia, you can sign up for smartphone insurance with a telco provider. Plans like U Care Plus 8 by U Mobile are available for devices no more than 10 months old and/or purchased from third-­parties, which works out great if you’ve signed up for their postpaid plan but bought your smartphone separately.

How Much Does It Cost?

The smartphone insurance premium is based on the recommended retail price (RRP) of the device as well as the type of coverage. That means you could pay anything from between RM8 to RM50 or more per month, depending on your plan.

What Type Of Coverage Is There?

The scope of coverage for each plan may vary, so look out for these key features:

Claims Within Period means how many claims you can make within a set time period. For example, 2 claims within a period of 12 months.

Accidental Damage covers devices damaged from being dropped such as a cracked screen or malfunction.

Liquid/Water Damage covers devices damaged by accidental water spills or submersion.

Attended Theft covers stolen devices lost via snatch theft or robbery.

Device Pick­up & Delivery means that your device will be collected and delivered to you during the repair or replacement process.

One­-to-­one Replacement means that a device damaged beyond repair will be replaced with the same model or one of similar value.

Discounted Repair Fees means that you will receive a discount on any charges for any repairs.

Extended Warranty offers a longer warranty period for your device from the date of purchase.

International Coverage ensures your device is still protected while travelling abroad.

See also: The Best Money-Saving Apps For 2016

Do I Need Smartphone Insurance?

MY_Picture1_blog Smartphone Insurance

If you have a history of always dropping, breaking or losing your smartphone, you definitely should think about it. It will cost you some extra money, but the peace of mind will be well worth it in the long run.

What do you think? Is smartphone insurance really worth it? Let us know in the comments! strives to help Malaysians make better financial decisions in life. Find and compare the best credit cards, personal loans and much more on today.

Julian-Profile PicBy Julian M. Edwin

Julian is the Content Manager of He can usually be found reading up on the latest financial news, life hacks or money-saving tips. He may or may not have a pet cat, depending on its mood.