Mobile Phone Insurance Information - FAQ

See below more mobile phone insurance information and frequently asked questions which may assist:

Q. What does SIM stand for?

SIM stands for Subscriber Identity Module and refers to the small (roughly 2cm by 1cm) microchip card that you insert into a phone when it's first set up. It provides the identity of a phone for the mobile network, so it can recognise, bill and send calls to individual customers. The Sim card is usually located behind the battery on the back of the phone.

Q. What does self insuring mean?

Some financial advisers advocate a 'self insure' approach where instead of paying a premium to an insurer you save an equivalent amount each month into your own account, which will build up and provide you with an emergency fund you can use in the event your phone is lost, stolen or damaged. Other things you can do to reduce your risk of loss or damage is to set a credit limit on your mobile phone so any calls made above that limit will automatically be blocked and lock your keypad and have a pin to access it.

Q. What does IMEI stand for?

IMEI stands for International Mobile Equipment Identity number and is a unique identifier which is used to track and block the mobile phone in the event it is lost or stolen.

Q. Do I have to insure my handset for it's full replacement value?

No you don't have to but in the event of a successful claim resulting in a replacement handset you will be liable for the additional replacement costs above the limit you have been insured for.

Download the Mobile Phone Insurance PDF Guide here - see our other free PDF guides here

Guide Contents

What is mobile insurance cover?
Does everyone need insurance for mobile phones?
What are the different types of UK mobile phone insurance?
Where to buy mobile phone insurance
Apply for mobile phone insurance?
Mobile phone insurance information - FAQ
More mobile phone insurance help

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