The short answer is: It depends. On what? That’s what we’ll reveal in the following. After all, it doesn’t always make sense to get cellphone insurance – but with the right solution, it can even be less expensive than you think.
A new cellphone can easily cost CHF 1,000 or more. Thanks to Netflix, Spotify and Co., a smartphone is no longer just a telephone, but also a TV, music library and computer in one. Yet the more often you carry your cellphone around, the greater the probability that it will be dropped and damaged.
Purchasing cellphone insurance directly from the retailer sounds practical, but on closer inspection there is often a cheaper option.
There are various options for insuring your smartphone.
Option 1: Insuring the phone directly with the retailer
This seems like the simplest option. When you purchase the phone, you buy cellphone insurance at the same time from the same provider. Quick, straightforward, but unfortunately not that cheap. The premiums are relatively high, often in double figures each month. And on top of that there’s usually a deductible in case of a claim.
Conclusion: It’s worth reading the small print and doing your sums.
Option 2: Insure the cellphone through your contents insurance
Imagine you leave your smartphone in the tram or you accidentally drop it on the pavement or into the toilet. With cover through your contents insurance, your smartphone is protected in all of these incidents by means of the additional modules for “simple theft outside” and “accidental damage to electrical equipment”. But what does it cost each month?
In order to calculate the cost of insuring a cellphone, we are using the example of fictional couple Noah and Alina.
The annual premium for Zurich contents insurance in this case is currently CHF 354.80 per year, including “simple theft outside”. If the couple wishes to insure their cellphones by means of the additional module for “accidental damage to electrical equipment”, they will pay only CHF 65 more each year. That amounts to CHF 5.45 each month. Not a bad deal, right? In case of damage, each device is covered up to an insured sum of CHF 2,000. The deductible in each case amounts to CHF 200.
Protect your mobile phone against cyber attacks with the Zurich Cyber Security App. The app bundles all relevant protection functions such as password manager or device protection and can be used on up to 10 end devices at the same time – including friends and family.
Cyber – Prevention: Prevention services help with detection of attempted fraud or insecure connections to minimize cyber attacks. With the Zurich Cyber Security App you have all relevant protection functions bundled in one app as well as telephone help from IT and cyber security experts – for questions and in an emergency.
Our cyber insurance modules offer supplementary financial protection for online shopping and browsing – available individually or in combination.
