Last Updated on January 12, 2021
2. Your deductible can be higher than the price you paid for the phone
Yes, you read that right. Although it varies from carrier to carrier, having to pay a deductible is certain, and, in some cases, it can be the same amount you paid for your smartphone on the first hand. If you buy a brand new iPhone 12 Pro, you can get one by $27.45 over 24 months with Verizon, but the insurance can go up to $50 monthly. And if by any reason you break your precious and need a replacement, your deductible will be $249! And, on top of that, you can make only 1 or 2 claims every year, so be careful and take good care of your smartphone.
