Some people may be interested in your iPhone when you're
out, and some may be a little too interested
If you got your handset free on a hefty monthly contract,
it's easy to forget that it's an expensive piece of kit that could cost up to
£700 to replace. And should your phone go walkabout, if you're only a couple of
months into long contract, the depressing fact is that you'll still have to
stump up the monthly payments even if you've no longer got an iPhone to show
for it. Networks don't give you a shiny new handset because they're nice - they
plan to make the cost of the handset back over the course of the contract. This
means making you stick to your monthly payments, no matter the excuse. With
this in mind, you should always make sure your handset is insured.
Most networks offer insurance, but it's quite expensive.
Still cheaper than a whole new handset, but at £10 -£15 per month, it could be
an extra £360 over the length of the contract. Specialist third-party insurers
will usually offer you a better deal. Protect Your Bubble (uk.protectyourbubble.com), will
cover you for just £5.99 per month.
Before you take out dedicated cover, it's worth checking
whether your iPhone is covered by your home contents insurance. Most policies
include basic cover as standard, but you're probably limited to a maximum claim
of £200 - £300 for unnamed items. You can also add your phone as a named item,
and some insurers make sure you're insured, in case you're not the one who
takes your iPhone from your pocket -will cover this for no additional premium
while others will only charge a nominal fee. Some bark accounts also offer
mobile phone insurance as a premium option.
There's no replacement for being vigilant, but if the worst
comes to worst, it's better off to be covered than face a huge bill for a
replacement handset.

