So you walk into the Verizon store to pick up your shiny new Android phone with a huge smile on your face as the sales rep activates your new baby. Everything is going great. But then out of no where comes the question “would you like to add the insurance plan for your phone ?” and your mind comes to halt. At first you refuse to panic, and inquire as to how much this insurance is….surely it is just some nominal one time fee just to be on the safe side. The sales rep informs you with a very irritating smile that it is an extra seven dollars a month to your bill. Still, you refuse to panic. You simply ask how much the phone is to replace. As a valued customer already paying at least $200 for the phone plus on average another $30 for the data plan you are sure that the replacement cost for your phone wont be that bad. The sales rep then informs you with an even more irritating smile that it is around six hundred to replace a broken phone unless it is covered by the one year limited warranty provided by the manufacturer. Panic.
So what do you do? You can either add an extra few dollars a month to be on the safe side, or trust to your case and the one year limited warranty. Either option is not appealing. It is at this moment that you realize that Verizon and all other phone carriers really have you by the (metaphorical) batteries when it comes to insuring your phone. I for one went with option C, which is to think about it before the end of 30 days at which point I will have to decide.
What did you decide? Do you think it is fair? Do you know of any alternatives to the choices talked about above? Let us know in the comments.