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How to Choose an Insurance Plan for Your New Smartphone

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For one, it's important to read the terms and conditions of your insurance plan.

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Read the Fine Print

The second thing I learned is that there are a lot of options. Since no two plans are exactly alike, you'll need to read the "terms of benefits" very carefully to know for sure what is and isn't covered.

So don't just tick the "I agree" box here without reading. No, seriously - it is important.

If you don't know what is and what isn't covered by your plan, then you might be giving yourself a false sense of security.

Some plans, for instance, extend your warranty beyond the standard one-year limited warranty that all new iPhones come with, while others extend the warranty and cover accidents – like when your iPhone decides to take an unauthorized swim in beer.

So if you want to cover stuff like shattered screens and water damage, then you need to get a plan that specifically covers accidents.
Now, not all accidents are covered. For example, if your house burns down or you experience an earthquake, some plans won't cover you, as natural disasters are specifically exempt from their coverage.

See? Reading the terms and conditions does make a difference.

But other plans do cover natural disasters, so if that's important to you, it might be worth checking out those plans.

Also, check with your homeowners or renters insurance to see if they cover your phone. In many cases, they will.
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