In almost every part of world theft is the common problem and with the invention of new high tech gadgets like mobile phones, laptops, iphones etc the incidents of theft has risen tremendously. As like many people go for home insurance for theft of the house property you can also take mobile phone insurance. Mobile phone insurance is given by many well known insurance companies like National Insurance Company, Oriental Insurance Company, New India Assurance Company and United India Insurance Company and few private insurance companies also. By taking a mobile phone insurance scheme you can protect against a variety of risks like fire, theft, riots, strikes and terrorist activity.
What are exclusions under Mobile Phone Insurance
Like normal insurance there are exclusions for mobile phone insurance also. So, before buying a mobile phone insurance one must first check what the exclusions that are not covered are in your mobile insurance plan. Let us discuss the exclusions.
If you have purchased a mobile for your personal use and you give it to your friend for use then the damage, loss or theft incurred during the process cannot be claimed.
Damage due to war and nuclear peril, Detention or confiscation by customs or any government authority means are also a part of exclusions for mobile phone insurance.
If you have lost your mobile phone while you left your mobile phone unattended in your car then your claim is rejected. However, if the mobile phone is lost in a closed car which is locked then it is considered as theft and you can claim for the theft. Similarly if a shop keeper keeps his mobile phone at the counter and it gets lost will not be claimed whereas mobile phone lost by snatching it from the hand or purse of a woman can be claimed. So the conclusion is unattended or carelessness in use of mobile phone is not covered in mobile phone insurance.
Misuse of the mobile phone is also exclusion. If you overcharged the mobile, used it in abnormal conditions or cause loss or damage during cleaning, repair or maintenance the insurance company's responsibility ends. If the mobile phone is damaged due to mechanical and electrical breakdowns or damaged from wear and tear or gradually deteriorates, no claim is entertained.
Like above there are many other exclusions which will vary from company to company which should be read before buying a mobile phone insurance. You can ask for mobile insurance when you buy the cell phone itself. Make sure that you that the premium amount towards the insurance is less. Go for a good, well-known insurance company and do not be swayed in by the eager shopkeeper who says that this particular insurance company is specialized in mobile insurance.
|Author: Aman Aggarwal 03 Feb 2010||Member Level: Silver Points : 0|
|nice info, thanks|
|Author: ASHWANI KUMAR 14 Feb 2010||Member Level: Silver Points : 1|
However thanks for informative details,yes it is correct that many insurance companies are providing more attractive scheme but most od the people are not opting for pension plan due to long pediod and less return in term of real money value.
|Author: brown 07 Sep 2010||Member Level: Bronze Points : 2|
|The article was informative on the insurance for mobile phones in India!! These sort of information is most welcome as most of the people aren't even aware that there are such insurance especially from reputed insurance companies!! The exclusions for the coverage of mobile phones were very good as most of the time we don't read the terms and conditions and it is only when some need arises that we are told that our claim will not be entertained - so, from that point of view, very nice blog!!|