Is AppleCare Worth It For The iPhone 13 Pro? 🤨📲 - YouTube

So you just got yourself the new iPhone 13.  congratulations one of the most common questions  

that i get a lot especially with the release  of the new iPhone by family members friends  

and even some clients is should you really buy the  cell phone insurance from your mobile carrier so  

this is a great question and one that i'm really  excited to talk about being in insurance and risk  

management and with the rise in technology and the  brand new iPhone 13 this would be a great session.  

Some key factors to consider when you're thinking  about buying any insurance policy for that matter  

is what is your level of risk and do you believe  that the level of risk is high enough in which  

you would at some point accumulate a loss and if  that's the case so if you are a hiker or a runner  

or you're in sales your real estate agent you're  always on the go you're always moving with your  

phone and potentially you have a chance of  dropping your phone or your device then that  

is a great idea that you probably want to buy the  cell phone insurance especially for the iPhone or  

any tech phone of of that matter is these phones  are like starting at eight hundred dollars all  

the way up to about fifty fourteen hundred fifteen  hundred dollars so in the event you were to crack  

the phone or you were to lose it or it was to be  stolen then that insurance plan could potentially  

help you out financially and replace the phone  for you so that's one consideration um if you  

live more of a sedentary lifestyle which is fine  or you are working from home for the most part  

you historically have never really dropped your  phone or your device you have a case unlike me i  

don't have a case nor do i have a screen protector  but unlike me if you have those things then your  

degree of risk or you know damaging your device  is low so that's just another consideration  

where you may actually decide to forgo the  insurance so and that's fine so if you forgo  

the insurance with your mobile carrier then that  doesn't mean you're completely without insurance  

we talked about duplicate insurance coverage and a  lot of people i spoke to surprisingly actually had  

multiple coverages covering their their cell  phone um one is if you are a renter let's say  

for instance you're renting an apartment you're  renting a house you have renters insurance or  

even you own your home and you have homeowners  insurance those policies typically will cover  

and you want to check your individual insurance  policy but those policies will cover electronic  

devices for usually fifteen hundred dollars so  if you have an insurance policy already whether  

it be homeowners insurance renters insurance more  than likely you double check your policy terms and  

work with your agent but most likely there is  coverage already for electronic devices which  

includes cellular phones or mobile devices up  to fifteen hundred dollars just like the cell  

phone insurance there is a deductible so based  off whatever your deductible is your insurance  

company would just pay you the remainder minus  your deductible in many cases even with the cell  

phone insurance providers like assurion is one of  the major insurance providers to Verizon and AT&T  

though that will have some sort of deductible and  those deductibles can vary i've seen deductibles  

starting anywhere from fifty dollars up to  about two hundred dollars based off your device  

and how much the total cost of the device was  so those deductibles can be few and far between  

as well so keep that in mind secondly if you have  the cell phone insurance company with your mobile  

carrier great that's pretty standard and sometimes  you could also have a credit card so if you bought  

your iPhone or any phone for that matter  with a major credit card typically credit  

card carriers like american express or discover  they will have insurance protection built into  

the purchase of that device so as long  as you use that credit card to buy the  

iPhone then if it were to be lost damaged or  stolen typically if you were traveling and  

it got damaged or it got stolen you want to check  again with your specific credit card company what  

their terms are but in most cases the credit card  company would reimburse you for a completely brand  

new device and i've seen it where people have  homeowners insurance that will cover the phone  

they've bought the cell phone insurance through  their mobile carrier and then they also had some  

sort of protection plan with their credit card  company so that's three cases in which they were  

duplicating coverage now people say well if i have  more than one policy in place and if my phone get  

damaged will one policy pay a thousand and would  the other pay 500 let's say your phone costs 1500  

in that case no they were typically the  primary company would respond to that  

particular circumstance and then if you did get  into a situation where both policies are applied  

there will still be a deductible under each  policy where it really wouldn't make sense  

for you to file multiple claims for a cell phone  device that's really not that significant in value  

so that's just one consideration so the answer to  your question is is not a black and white answer  

yes or no again you want to just number one  double check your risk tolerance double check  

your activities again are you active do you  have an active lifestyle do you prefer not to  

have a case or screen protector like me have you  dropped your phone before that is an indicator  

that potentially you could drop your phone again  and then if you feel that maybe the level of risk  

is low and you have these other protections  that we talked about then maybe you can forego  

the purchasing the cell phone insurance  plan through your mobile carrier  

another key consideration to remember when you  purchase the insurance to your mobile carrier  

depending on your carrier those companies they  might have a multitude of different insurance plan  

options now but i think when i checked  with Verizon their plan was about five to  

six different insurance coverage options all  the way from like the basic minimum that you  

could buy which i believe was about five  dollars and then the greatest protection  

which it could be anywhere in the ballpark of  about twenty or thirty dollars to whereas at t  

the last i checked there are about two or three  insurance plans as opposed to six with Verizon  

so each carrier is going to be different  in terms of what they offer with protection  

when we look at the Verizon plans and i'm with  Verizon so which is i'm not calling or picking  

on Verizon specifically but i am i've been with  Verizon for a very long time and they'll actually  

walk you through each tier and they'll show you  what are the benefits from each and you'll find  

with the greater tiers a lot of those coverages  could also be covered through apple care so many  

of you who have apple care plus typically things  like tech support or privacy analysts and things  

like that that will be covered through Apple Care  and we see with the higher tier plans with Verizon  

those are things that again it could be a  duplicate coverage that you're paying for  

and that's just another key consideration that you  want to keep in mind is will you need those added  

benefits like tech support i think i'm pretty  tech savvy and if i'm not i can go to youtube  

or elsewhere call a friend to find answers to  questions and so for me i wouldn't need those  

higher tier coverages with Verizon's insurance  plan because i can figure some of those things  

out on my own or i know where to go to find the  answer but everyone's going to be different in  

that regard another key consideration to remember  is when you buy your cell phone for the first time  

you want to check your bill following that next  month's billing cycle because i have heard from  

quite a few folks friends and family members  that when they bought a new device they saw  

on their bill that the cell phone insurance  that they purchased actually wasn't on there  

and so just imagine if you don't check  your bill you're actually going a  

long period of time without the insurance  and should something happen to your device  

people call and file claims all day long and  not just with cell phone insurance places hey  

i need to file a claim you couldn't find  out they don't have any insurance in place  

and likewise people said well i never asked for  the cell phone insurance and i saw that now i'm  

being charged 20 extra a month for the cell phone  insurance coverage that i never even opted in for  

so just check your bill that following month  if you don't regularly check your bill because  

sometimes you just want to check the accuracy  of the bill but that is all that i have for this  

event again congratulations on your new device  and get a case get a screen protector i know i'm  

preaching kind of preaching to the choir because  i need to get one myself and good luck to you!