FCC Task Force Tackles AT&T, Google, Sprint, T-Mobile, Verizon
Insurance?
What happens when the $500 phone you bought breaks, who would insure it? I personally enjoy going into a sprint repair center and getting my phone serviced at no charge. So if I don't buy my phone from sprint will Asurion set up a repair center? Or will I be stuck paying a deductible every time it takes a dump due to a defect? Or will I have to go through the manufacture which will take at least 3 weeks? It seems to me with No contracts, customer service would be ****.
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I'm sure Asurion or some other company that offers 3rd party equipment protection/extended warranty coverage would be willing to underwrite coverage for you, for a price, provided you have some way to prove that you 1) actually have the phone you want to insure, 2) phone has active service on an authorized carrier, and 3) equipment is insurable (working) at the time you add the coverage.
Even used equipment 'should' (in theory anyway) be coverable... no difference really between phone and auto insurance as it's all about risk management on the part of the underwriters.
Even used equipment 'should' (in theory anyway) be coverable... no difference really between phone and auto insurance as it's all about risk management on the part of the underwriters.
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I think GWG covers things like that....you pay upfront like a hundred or something but instead of getting a refurb. you get a new phone.
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The monthly fee one pays Asurion goes straight to them. If the carrier model goes away, as long as you buy the phone new from the manufacturer you will still be able to purchase insurance within 15 days. Verizon and AT&T already offer full retail purchasing in the retail stores and one can add insurance to a phone purchased at full retail just as one can to one purchased with a contract.
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