iPhone Insurance: What does the iPhone protection plan cover?

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In the second quarter of 2020, Apple’s market share grew to 48.8% compared to the same period in 2019 that acquired 41.2% primarily in the premium products segment. This drastic increase in sales is not surprising, considering the outstanding features it offers. 

Starting from Apple’s built-in ‘intelligence assistance’ Siri to integrating live photos feature, they have brought a revolution in the premium smartphone segment. Not to mention, another USP of the iPhone is its Super Retina and Super Retina XDR display that uses organic light-emitting diode technology. Nevertheless, your iPhone’s screen is still susceptible to breakage and other damages. Further, since it is a high-end product, the repairing for the same is high as well.

In such cases, you can opt for an iPhone protection plan, introduced by top insurance companies in India. It can significantly help reduce the financial risks associated with its day-to-day use and handling.

What are the features of iPhone insurance plan?

Besides all other parts of a smartphone, the display screens are the most vulnerable, and an iPhone is no exception as well. Especially, the latest models of iPhone possess an all-glass body. While they look stunning, the risk of accidental damages is immense too. In this regard, you can consider a FonesafeMobile Screen Protection cover under Bajaj Finserv Pocket Insurance and Subscriptions, which provides sufficient financial assistance in case your iPhone requires immediate repair due to an accident.

Following are some of the features of an iPhone protection plan that you should know.

  • High financial coverage

Maintaining a high-end smartphone like the iPhone requires sufficient funds to support any additional expenses associated with the device. However, damages are possible, which also need immediate repair to avoid further deterioration of the handset. In such a scenario, availing a phone protection plan can be a suitable option to avoid financial drainage. Several reputed insurance companies cover the cost of up to Rs.10,000 in case your phone sustains any unprecedented damage.

  • Accidental damage coverage 

Accidents can be of any type. It can be due to careless handling, fire, theft, burglary, and the likes. Irrespective of the cause, an Apple protection plan for iPhone can be a great option. However, for every case, the cause of the damage must be included in the insurance policy clauses. For instance, the insured sum will only be reimbursed if the iPhone screen needs to be replaced or repaired due to mechanical or electrical breakdown.

Along with that, one must know that recharging an iPhone’s battery should be done only with its compatible iPhone charger provided by the manufacturer. Needless to say, unlike other chargers, iPhone chargers come with a high cost. Thus, in case of the iPhone charger’s damage requiring a repair, you can avail an insurance plan like mobile charger insurance policy to cover for such expenses. 

  • Phone security coverage 

Another reason for iPhone’s booming popularity is its end-to-end security features. Hence, hardly any Apple device falls prey to security breaches. In case it does, you need to spend a substantial amount of money to get that fixed. Keeping that in mind, an insurance plan for Apple iPhone extends assistance for storage, management and retrieval of data in case of data theft from your phone. 

Alternatively, individuals can also opt for plan like identity assure cover that can effectively safeguard their phone’s internet security with advanced software in place. 

  • Multiple payment options

An insurance policy like iPhone protection plan also comes with a low premium amount that hardly pinches your monthly budget. Moreover, you can pay the amount using any online transaction modes that make the premium payment hassle-free and prompt.

Hence, an iPhone protection plan can prove to be a much-needed coverage plan in case of any phone-related emergency. Nonetheless, you should always read the terms and conditions carefully before availing such a plan.

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