Had a conversation today about phone insurance. I was recently asked to renew my insurance policy (the first one came free from vodafone as an incentive). I definately won’t be opting for new insurance, even though i had the need to call on the insurance. I just believe that the price is insanely inflated for the value involved. Unless your complusively forgetful or desperatly hate risk and need piece of mind.

Buying from the phone companies direct is at least double what the cost of approaching an insurance agent directly would be. I can’t help but think people just opt in for Insurance as a last minute thought without really giving it much thought. Since you can legally buy a pay-as-you-go phone (subsidised by any network) and unlock it. Is phone insurance really a cheeky way of stealing customers money?