Latest in

Image credit:

Economic breakthrough: Cellphone insurance is a ripoff

Evan Blass
10.10.05
Share
Tweet
Share

Sponsored Links

broken cellphone

Those of us who started our careers in the electronics biz as salesbots for one of the big box retailers are all-too-famliar with what's known industry-wide as "the cheese." For the uninitiated, the cheese is that worthless warranty (or guarantee or protection plan or however else they can avoid saying "insurance") which they try to sneakily tack-on to your purchase at the very end of a sale. All salespeople know that the warranty is a joke (the markup is usually 50% and up), and hang around the breakroom every day in their off-the-rack suits giddily counting and comparing their cheese. It should come as no surprise to anyone, then, that British industry group BIBA has declared cellphone insurance to be mostly "a waste of money." The obvious exception here is expensive, high-end smartphones (or costly showpieces like the Nokia 7280), but the average phone buyer is better off self-insuring, even more so when the carrier does not offer lost-or-stolen insurance. So we want to know: what have been your experiences with insuring or not insuring your mobile?

[Photo via Peet]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

Fossil's latest Wear OS watches now make calls using iPhones

Fossil's latest Wear OS watches now make calls using iPhones

View
Toyota will debut its tiny city EV at the 2019 Tokyo Motor Show

Toyota will debut its tiny city EV at the 2019 Tokyo Motor Show

View
Adidas readies an entire collection of Star Wars basketball shoes

Adidas readies an entire collection of Star Wars basketball shoes

View
Mercedes app was leaking car owners' data to other users

Mercedes app was leaking car owners' data to other users

View
AT&T hikes TV Now prices by as much as $15 per month

AT&T hikes TV Now prices by as much as $15 per month

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr