Mobile phone insurance cover is something that may be worth considering if you have and use such a device.

That’s because if you don’t, then the theft, loss, destruction or breakdown of your phone could end up costing you a lot of cash.

Although some phones are now moderately priced, many that have added features such as cameras, personal organisers, PC facilities and Internet connectivity, may be seriously expensive. If you lose them, for whatever reason, you may be in for not only inconvenience but also serious expense.

Other gadgets

If you’re living a modern life, you probably also have a range of other gadgets in addition to your mobile phone.

Cameras, laptops, camcorders; Sat Navs and game consoles all form part of our ‘electronic world’. They also constitute a serious financial investment for the average person.

It may be possible to think about mobile phone insurance cover as part of your overall gadget insurance to ensure that they are all covered against life’s uncertainties.

What are the risks?

Gadgets are among some of the most attractive items for thieves. They are often small and easily portable and are frequently carried around outside the home.

The fact that they are small also means that they’re easily lost. Offices, trains, taxis etc – they are all prime locations to leave your gadgets. It would be nice to think that they would always be found and returned but it may not be too wise to count on it.

Then there are those accidents that can instantly turn your phone or other gadget into virtually worthless scrap. The coffee spilled over the phone or the camera dropped onto the floor from a height, accidents like these could hit your finances hard unless you have mobile phone insurance cover or wider gadget insurance.

Finally, one can’t forget the breakdown. That impressive phone or other gadget isn’t much use if it’s not working.

What insurance can offer

Mobile phone insurance cover as part of a portfolio of gadget insurance typically will protect you by offering:

• replacement within 48hours after a successful claim has been made (this may not mean replacement as new);

• global protection;

• data protection through backups.

In the case of some policies you may be able to select several gadgets from a list and pay a reduced premium to cover them all. These lists typically include:

• mobile Phones;

• iPods;

• PSP’s and other portable games consoles;

• PDA’s;

• home audio systems;

• MP3 Players;

• cameras and camcorders;

• sat nav;

• answerphones;

• faxes;

• scanners;

• printers;

• bluetooth headset;

• video cameras;

• digital cameras;

• satellite receiver boxes;

• games consoles;

• DVD players;

• flat screen TV’s;

• personal media players;

• laptops and PC’s.

Protecting your finances

Your gadgets are important to you but probably so is your money. Mobile phone insurance cover or wider gadget insurance may offer you the possibility to protect both and for only a modest cost. It may be worth looking into.