These Might Be The Two Most Important Types of Insurance That You Could Possible Have

Pennygem

Phone insurance options were limited up until recently, when credit card companies started to get in on the action. Here are a few things to keep in mind about this. PennyGem’s Johana Restrepo has more.

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00:00our cell phones might as well be a part of our bodies these days almost everyone has broken

00:08their screen or phone entirely at least once and felt that moment of panic because mobile phones

00:14especially smartphones are not cheap as a result a lot of people wait more than three years to

00:21replace their phones according to nerd wallet phone insurance options were limited up until

00:26recently when credit card companies started to get in on the action companies like mastercard

00:31american express and even retail cards are offering these perks you just have to get the right card

00:38most of the time you'll have to do things like pay your bill with the credit card pay a deductible of

00:44anywhere between 25 and 50 and file paperwork keep in mind that some cards don't cover lost phones

00:52just damaged or stolen phones according to business insider some damage like a cracked screen

00:58isn't always covered either before opening a credit card account that offers smartphone coverage

01:04read the terms and conditions and make sure their policy works for you

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