 Who needs insurance - rich or poor? |
| Who really needs life insurance Rich or Poor people ? Poor cannot afford it and do rich require?... |
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 Do I need life insurance? (I am 24 single with nest egg)? |
| I am starting a new job which offers life insurance. For $30 a month I can get a decent policy. However, I have no one to name as beneficiary - my family has plenty of money and there is enough in ... |
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 I broken my nose at my friend house and he has house insurance hoe much should i get? |
| i broken my nose at my friend house it cause me to get two blackened eyes,a scare on my forehead and my nose, and it also caused me to crack two of my teeth and he has house insurance worth $300,00 ... |
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 Is it true about how you can avoid paying car insurance? |
| I was once told by one of my professors that the law allows you to not pay car insurance as long as you have a certain amount of money on reserve for paying the cost of the accident (if the judge ... |
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 My insurance got cancelled without them telling me. now i got stopped by police. what will happen to me? |
| I got stopped by police, and they told me i had no insurance, i was shocked, because i genually thowt i had insurance, but they said my insurance company cancelled my policy. now i didnt get no ... |
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 How to say no to an insurance agent? |
| So I spent a few hours with this life insurance agent last weekend discussing various options and she gave me lots of term and whole quotes and paperwork to take home. Did the same with an equally ... |
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 Looking for car insurance company? |
| i'm not us citizen, right now i'm still using my international license drive and my green card still on process. from the country i come, there's no 'driving history'. i need ... |
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 How can i get help on medical bills? have no insuracne.? |
| there telling me its going to collections even thou i send something every month, going thru divorce and have nothing got 6000$ in medical bills...there gonna ruin my credit. now they want 20% down. ... |
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 Can a condo association force its owners to remove barbeque pits from their balconies? |
| I own a condo in Louisiana. I was recently informed by the office manager that all the owners may be forced to remove their barbeque pits from their balconies due to insurance requirements. There ... |
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 No insurance on car. Can I drive it on my insurance policy? |
| I have just bought a new car and have a fully comprehensive insurance policy. I still have my old car and intend to sell in very soon. I have cancelled the insurance policy for this car as of today.<... |
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 Does a 1 year old child needs life insurance? |
| I f he needs life insurance, which is a better pick, a term life insurance or a participating whole life insurance since premiums are very cheap and he can have her plans paid up in a short period of ... |
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 Can you go after owner of car if driver is uninsured? |
| My wife was in a car accident, the driver was an uninsured motorist. He was an adult, and he was driving his father's car. So can you pursue the father through his insurance? It was his car, ... |
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 What is your current job responsibility? |
| working in insurance company, handling team of agents.... |
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bugga | Whats the point of insurance? |
If your paying for insurance on a phone, its stolen, you order another one and you have a 50 dollar deductable, but yet the deductable is more than the phone was in the first place. Maybe some one can give me a answer i can understand |
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Randy
|
Apparently you haven't tried to replace a lost, stolen, or damaged phone halfway through your contract. Sure the phone is 50 bucks or less when you're signing a new contract with them, but that's the only time you can get it that cheap. You don't get the discount without signing or renewing a contract, so the insurance is there for people that are likely to need a new phone before then. |
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Agent Smith
 |
Its so big insurance companies can make lots of money for doing absolutely nothing. |
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butter
|
if you want life security you have to check more info
http://www.freewebs.com/getinsurance |
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AB
|
First of all, when you sign up for a cell phone plan you are getting the phone at a discounted price or even free. That's how they get you to join their company, they don't make money off of the phones that way. If you were to buy the phone through them and already had a contract it will be significantly higher. Go onto ebay.com and take a look at your phone model, if you can get it for cheaper than $50 then cancel it. It is not mandatory. Or you will realize how much more expensive they are than you thought. |
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misty blue
|
I totaly agree with you whats the point of having any insurance. exspecially if you had a law suit and the insurance gets credited for it. and leaves you nothing. so why even pay insurance on a phone that the deductable is more than a phone, thats just how they make their money. they don't care about anyone but themselves to make money so they can survive. |
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ML
|
In your case it was pure profit for them.
In most cases insurance is to limit losses. I have a 75 dollar phone and no insurance I can easily cover the 25 bucks for a new one if I lose it or break it. My wife has a 400 dollar phone I got the insurance because i will only have to pay 50 instead of 400 if it is gone.
So the bigger the item the better to take insurance.
Hope that helps |
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Proud Mama
|
there really is no point to it. My sister's phone was stolen and they didn't cover it. |
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xalia331
|
Generally, if you lose your phone and you have to go buy another one it is quite expensive. Say you got that phone with a 2-year contract, more than likely the phone is free or really low cost. If you lose that phone you have to buy it again w/o getting a new contract, this way the company won't give you the deal. Phones w/o signing up for a contract will usually run you more than $200, so the $50 deductible is a pretty good deal. It is a good idea to have insurance on your phone, particularly if you are prone to losing or damaging things!
Just another tip, if your phone breaks through wear and tear, call it in stolen and you can get another one under that insurance. Generally insurance doesn't cover these kind of damages! |
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Joe K
 |
Insurance on a cell phone is useless. Most times you can get a used or refurbished unit that is comparable to what you originally had if you lose the phone for less than $100. If you damage the phone most companies will fix it for the deductable price regardless of whether or not you have the insurance. I walked into my local nextel shop and showed them my broken phone. They offered to fix it but it would be a $35 deductable. They didn't even check to see if I had the insurance. They just assumed that I did. So I am assuming that the local stores get extra parts for the phone for about a dime a dozen and then they get to keep whatever they make off of the deductable. And then your premium goes directly to the company so its win-win for the shop and the company while the consumer is paying out on both ends. |
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mkulda
 |
You're finding out the hard way that phone 'insurance' isn't really insurance at all.
And, you are finding that this is bascially a warranty that really isn't worth anything.
If you look, warranties for cell phones like the kind you describe are nothing more but additional profit streams for cell phone companies. They make a LOT of money on them because they hardly ever pay out. |
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vanamont7
 |
Funny. You're betting them you're gonna die, they're betting you you won't. |
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mikesvalue
|
I am sure this video can help you out.
http://www.metacafe.com/watch/333909/trace_a_mobile_phone/
please rate and spread around if satisfied! |
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informationdetective
|
You should not get insurance on an item unless it is worth over $1,000.00. You could, however, get insurance on all of your items under a homeowner's or renter's insurance. In case of a fire, flood, break in etc..
You can get a $10,000 insurance policy for your possessions only.
http://usainsurancequotes.org
Next time a company ask you to get insurance for a phone, radio, etc...Simply say No thank you! |
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NONAME
|
ummm, you pretty much just answered your own question. It's useless for you, a nice money-maker for them |
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MoniqueLise
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Insurance is for big losses -- not small ones. So, you insure the contents of your entire home, in case of theft or fire or disaster... but if someone for some reason just rips off your phone, this isn't something that you would put in as a claim. You'd only claim if they ripped off your $600 high end cellular phone -- or something that is worth more than your deductible on your policy.
Insurance is to protect you from big financial impacts, and not every little thing. |
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Webballs
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That's why you wouldn't want an insurance for a phone!!! |
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mbrcatz
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Insurance isn't intended to cover small, frequent losses that you might have some control over. When you buy cell phone insurance, it's generally a ripoff.
Insurance is intended to cover those unforseen, huge disasters, like your house burning down. |
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