Insure Those Expensive iPhones!

Woman holding mobile phone, collage of different photosWith our society’s increasing dependency on mobile technology, it is becoming more and more important to be connected at all times! Many of us have lived our whole lives on our smartphones, tablets, and laptops! This is why it is so important to protect your mobile device with an insurance policy. IPhones are small, and can easily be dropped, damaged, or stolen. Unless you decide to purchase insurance for your phone through your mobile carrier, you may be tempted to look into insurance from other smaller vendors. These vendors are just starting to be regulated by individual states! Here are a few changes to Colorado law regarding coverage for your cell phone and electronic devices:

  • Any vendor that advertises insurance for portable electronics will be forced to obtain a license from the state.
  • The vendor must clearly state the insurance carrier that will underwrite the policy, in addition to the terms and conditions.
  • The vendor should disclose that coverage might overlap with what is already offered by your homeowner’s insurance policy.
  • The vendor will need to supply consumers with directions for filling a claim, and state that insurance is optional with the purchase of a mobile phone.
  • You may already have an extended warranty through the company that you purchased your phone from. This will cover any defects that are the responsibility of the manufacturer. However, you may be stuck paying a pricey deductible.

For any additional insurance questions, please do not hesitate to contact The Alliance Group of Western New York, Inc. We have over 20 years of insurance industry experience in the greater Rochester area, and can ensure that you will always receive personalized attention from our qualified agents. As an independent insurance agency, we collaborate with some of the best insurance carriers in the nation to find you the best policy at the best price. Contact us, today!