How much is the deductible on the lumia 900?

[Oridus]

I just gave you the math on why that might not be the case. Those small chunks of cash you pay monthly + the deductible are oftentimes bigger than those huge chunks you are talking about.

How about this:
Samsung Focus bought in November 2010 breaks/gets lost today
You've paid $7*18 months = $126
Add $125 deductible = $251 total replacement cost

eBay shows a refurbished Focus costs $159, used $90. You've paid AT&T $251 for one instead. How did that trade end up for you?

This doesn't even take into account the fact you can upgrade to a better phone with a new contract.

Again, if you're losing your phone twice a year by all mean get the insurance. You're a "bad" insurance customer in that you're costing them money and benefiting from that.

Does Ebay give you a brand new 1 year warranty? Does that refurbished or used phone come with any sort of guarantee? Didn't think so. And not all phones carry same depreciation rates. So for example, while the focus may have a $92 difference in value NOW, it may not have been the case only 5 months ago.... and that's just one phone. The Lumia, or Titan II etc etc, may have different depreciate rates than the focus, thus swapping the better value at that time.

Even if you were to look at an iphone 4s 16 gig. If someone purchased that the day it came out, they paid $199. MSRP is $650. If they broke it today, they could pay $199 deductible, plus their $6.99 /mo which equals a grand total of $241.93. Ebay is showing new from: $519.99, refurbished from: $429.99 used from: $407.00 - So at this point in time, the consumer could do the insurance replacement, get a brand new 1 year warranty on the insurance replacement, or get a used or refurbished one at a $165.07 to $188.06 price increase for a grand total of with no new warranty or product guarantee. In this case, insurance would be a MUCH better choice. And that's assuming that the prices were "buy it now" and not for bid.

$241.93 seems better than $430 or $407

You're also assuming that the consumer goes almost the entire length of commitment before full subsidy is available again. Isn't it said that 1 out of 4 people either lose or break their phone or get it stolen in the 1st year of owner ship? (Per Asurion) - that's a huge amount of people... the odds aren't really in the favor of assuming people will go 20 months before something happens

So again, in a lot of cases, insurance is a very viable option for a lot of people who don't want to gamble if they're going to break it now, or if they're going to break it at the 20 month mark when they can get subsidized pricing again. In the majority of cases I see, people come out ahead cost wise by doing insurance rather than paying early upgrade/outright/used/refurbished pricing from a 3rd party or what have you....

All i'm saying - is for a lot of people and in a lot of cases, insurance is a better option - every time i've placed a claim for someone - i calculate the total cost they've paid and give them averages of what they would have paid paying outright or used online - and in most cases they come out ahead - with paying less, and getting a phone with a warranty on it, and convenience of overnight shipping for free.

is it for EVERYONE? No - but like I said, more often than not it's a very good investment.

 

[red grenadine]

...is it for EVERYONE? No - but like I said, more often than not it's a very good investment.

I just want to leave it at this:

The mere fact that AT&T and Asurion make money off of cell phone insurance means that in total, they make more money from consumers than it costs to replace phones.

Thus, as a whole, consumers are paying more in insurance than the replacement cost of their phone.

The "bad" customers who replace their phone often cost insurers money, and the "good" ones who don't, more than make up for it.

I'm saying if you're a "good" one, self-insure. You can argue that the "bad" ones should get insurance. I'm fine with that and tired of trying to argue

 

[krisguy]

It is 2 in a rolling 12 month cycle

Sent from my Lumia 900 using Board Express

 

[Funky Cricket]

The defect replacement alone is worth it, I think my wife went through 4 or 5 Pre's and is on her 3rd Epic 4G (one under deductible of 99). That doesn't include any times I've gotten phone replaced under the defect category covered under TEP. It's not just lost or stolen, but covers defect and a lot of service issues as well. Yah, insurance isn't for everyone but for a 600 dollar phone, i'll get it every time.

 

[vormison]

Unlike any other kinds of insurance, phone insurance isn't really calculated on a risk by risk basis. I am an insurance agent...unfortunately.

I work from home and have never broken a phone, not once. Any issues I've ever had with devices were covered under warranty - about 3 times in the past 10 years or so. Saying that, if I was a construction worker, used it outside of my house often, had a life, etc. I'd probably think of purchasing the insurance. However, with the way our phone plan is set up, there is almost always one of us eligible for an upgrade so it's not worth it to me.