• tayla166

Just 1 in 5 Home Insurance Policies Can Cover Your Mobile Phone Outside of your Home!

Your mobile phone is snatched out of your pocket on the street or train, are you covered for this under your home insurance policy? Well! You might want to check the terms and conditions of your policy.

While nearly all (99%) of home contents insurance policies cover mobile phones stolen from your home, just 18% cover automatically cover your phone outside of the house—unless you’ve specifically added personal possessions cover to your policy.

With mobile phones the most common item stolen in robberies, according to police data, you could be risking your losses into the hundreds of pounds every time you step out the door. Insurance company Direct Line estimated that, in 2017, 183 mobiles were snatched from Britons a day—or 67,000 a year. That’s an estimated £27 million worth of smartphones.

That’s not counting the other financial losses you can incur when your device falls into the hands of criminals.

Home insurance policies will typically only pay out to replace the stolen device. They won’t cover the other costs associated with the theft, including for unauthorised calls and downloads made by the thief, which can run into the hundreds of pounds.

Home contents insurance policies typically have an excess—or £500 or £1000— that might exceed the value of your phone, meaning you’ll have to pay for its replacement out of pocket. And if you claim for your mobile phone, you’ll lose your no-claims discount and see your premiums for your home insurance go up next year.

Given the limits of home insurance policies covering mobile phones, a specialised mobile phone insurance policy might be better, Defaqto said.

These policies cover the cost of repairing or replacing your handset if it’s lost, stolen or damaged—regardless of whether you’re at home or elsewhere.

Around 65% of these policies also cover the cost of unauthorised calls and downloads made on your device.

The excesses on these policies are also more suited to mobile phones. While they can run up to £350, the average is just £121. In context, the average price of a smartphone currently at €373 (£318 pounds) across Europe, these excesses make it worth filing a claim.

And for the most lavish mobile devices, the Apple iPhone 11 Pro or Google Pixel 4 XL, which cost more than £1,000 and which you might be hoping to find under the tree this year, mobile phone policies are an essential buy.

0 views0 comments

Recent Posts

See All

Extent of decline in UK home insurance claims

A study examined the decline in home insurance claims during the March 23 to May 31 coronavirus lockdown and found the following drop rates for the period, along with the corresponding ‘savings’ estim

Home Insurance and building works

Find out how making home improvements, building an extension and converting a loft or basement can affect your Home Insurance. Rather than moving, many people choose to improve their home, often to in

A Few ways you may be invalidating your insurance

Buying insurance means buying peace of mind. If anything unexpected happens to rock your finances or your family, you at least know that there’s a certain amount of protection in place to help you pic

Oncover Insurance Services Limited is authorised and regulated by the Financial Conduct Authority (FCA).  Our FCA Register number is 306045. The FCA's register can be accessed through We are covered by the Financial Ombudsman Service (FOS).  See their website for further information. Registered in England & Wales under Company no. 04036567. Registered address: 89c College Place London NW1 0DR.