Most people, once they have bought their first iPhone (whether they have been fans from the start or just introduced in the latest gen), simply can’t live without it after a week or two. If you are an iPhone user, you probably use it dozens of times a day, keeping you entertained on the train to work with your music collection or your eBooks, giving you games to play in your downtime, and helping you to connect with your work and social circles as and when you want or need to. Having your iPhone stolen is therefore something that many users somewhat melodramatically refer to as being like losing a limb. While it may not be quite that bad, it can certainly be a big hassle.
While there are facilities built in to the phone’s software that allow you to protect its data so that if it is stolen the people who now have it can’t get into things like your address book, email and social media accounts (or worse, things like your online banking apps), this doesn’t alter the fact that you are still going to be stuck without an iPhone to use. Mobile phone theft is a growing problem, and while the Met police in London are ramping up efforts to catch mobile phone thieves, this is only going to help to some degree, and while it may lead to convictions it may not always lead to iPhone’s making their way back to their owners.
You may think that if your iPhone is taken, this will be covered on your home contents insurance. Is this always the case, though?
Named Items on Your Home Contents Insurance
In the old days, apart from things like wedding rings, most of your most valuable possessions would stay in your home. You would buy home contents insurance to cover things like your TV, computer, stereo and furniture in case of a break in, flood or fire. Now however, most family households have dozens of portable electronic devices like laptops, tablets, portable games consoles, eBook readers, MP3 players and of course phones, which are taken out of the house very regularly. Insurers have moved with the times and do to some extent cover these items when they are out of the house, but you usually have to name the most valuable things on your policy. This can be hard to keep up to date if you have say, two parents and two teenage kids who are updating their devices and buying new ones fairly regularly throughout a given year. If you have just got the latest iPhone and your named items list says you still have your old phone, that’s what the insurer believes you have. This can cause problems if that one single item is stolen (rather than in the event of something like a fire or flood where you will usually be claiming on a lot of stuff).
Limitations on Coverage of Phones in Home Contents Insurance Policies
As well as having to keep on top of your listed devices, you may find that your home contents insurance only covers phones up to a certain value, and this may be as little as fifty pounds – not enough to buy a new iPhone. All policies vary of course, and you need to check the fine print on yours, however home contents insurance isn’t really designed to cover high risk, commonly stolen things like phones, but to cover the less likely events like robberies and fires. This means your insurer isn’t really being stingy or unfair by not giving full coverage to an iPhone, they are selling you a policy based on risk and your iPhone represents a higher risk of theft than the premium you are paying, according to their models, should really cover.
So What Are Some Better Options For Covering Your iPhone?
If you don’t have the kind of money to be able to instantly run out and buy a new iPhone if yours was stolen without it causing you any real problems, then you really need to get an insurance policy specifically for that device. You can get these from a number of sources, including your bank (it may even come as standard if you have a premium or ‘Gold’ current account), the company you bought your iPhone from, your service provider, or a specialist gadget insurance company like Protect Your Bubble insurance. An added advantage to these kinds of policies is that they will also cover your phone when you are on holiday abroad, and will cover it against damage or failure as well as theft, so you will never have to do without your iPhone for long! This really is far better than assuming your home contents insurance will take care of it.