If your mobile phone is rarely out of your hand you will want to make sure that it is well protected against any possible mishaps or light fingered thieves.
However, the large excess on many types of phone insurance can often mean it's barely worthwhile submitting a claim.
If this applies to you, you may be tempted to try and find policies which offer something better; namely mobile phone insurance with no excess to pay.
Unfortunately, no-one currently offers excess-free mobile phone insurance. At least for the time being your best bet is to look for the next best thing - a very low excess.
If you aren't familiar with insurance you may not have heard the term 'excess'.
It applies to all different types of insurance cover and refers to the amount that you must pay before the insurer covers any claim. For example, if you broke your phone valued at £75, and your policy excess was £50, the insurer would only have to pay £25.
While a no-excess policy is desirable it can also make the cover itself more expensive. To combat this many people opt for a 'reasonable' excess that strikes a balance between having to cover too much of any claim themselves, and having to pay a much more expensive premium.
With mobile phone insurance, many claims are relatively small compared to other types of insurance such as house or car. Having a large excess can therefore eat into a large chunk of the value of any potential claim.
For this reason, finding the best phone insurance with no excess sounds increasingly attractive (even though there may still be a minimum amount you can claim for).
Unfortunately, such policies tend to be few and far between and currently there are no such products available, so your options for cover are that bit more limited.
If you're in need of iPhone 5 insurance no excess mobile phone insurance isn't available at present, but may yet come back on the market. Likewise, for iPhone 4 insurance no excess used to be a standard feature but isn't currently available.
Until no excess iPhone insurance returns, you'll need to compare the fees payable across a range of 'low excess' products instead if you're to avoid shelling out £50 or more just to claim.
If you can't get a phone insurance no excess policy, you need to make sure you get the best standard policy available on the market.
The easiest and most convenient way to compare the cost of mobile insurance is using a mobile phone insurance comparison table to look at the different features offered and compare and contrast their benefits vs. costs across different insurers.
The more valuable your handset, the less your excess matters as it'll rarely outweigh the benefits of claiming. This isn't to say that you should accept any old excess from any policy; you still need to find the best balance between monthly premiums and excess for both your phone and budget.
Calculate the cost of one year's premiums without making a claim, and the cost of that year plus its excess to replicate the cost of actually making a claim. You can then compare monthly premiums and total costs alike.
Bear in mind that you may end up paying slightly more upfront (in your premiums) for a low excess mobile phone insurance policy than you would for a policy charging a more standard excess.
Even when no-excess policies come back to the market you may be able to get better cover and more choice if you opt for a policy with low excess instead, so do give this option consideration.
Until a mobile phone insurance with no excess comparison is available once more, you'll need to compare mobile phone insurance policies based on price, features and any payable excess to see if they meet your needs.
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