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  • 45. Re: What can I do if my Galaxy S II got stolen??
    hagrinas

    No. If I just signed a two year contract, and my kid dropped the phone in the toilet, I'd pay a $200 penalty for dropping the contract and get a new phone for a penny when one was available. Or in the worst case, I'd pay $100 to get it now, in which case it would still cost closer to $300 than to $600. But you can do things your way if you want. Just don't tell me what it would cost ME because I know what it would cost me.  Even if I wanted the value plan, I'd be allowed to sign up for a plan that gives me a phone at a very low price, and then I'd have the right to change my mind, call T-mobile, switch plans, and pay a $200 penalty for doing so.

  • 46. Re: What can I do if my Galaxy S II got stolen??
    hagrinas

    If you want peace of mind, then by all means get the insurance. You'll have peace of mind for the next decade and pay close to $1000 for it. If you break the phones twice in that period, you'd be ahead. Personally, I'd just switch to a different phone if I kept getting a new one every two years and had old ones.  If it happened at a random time in your contract, on average you'd have one year left. But we don't have to agree or do the same things. In my case there are five phones on my plan, so even in a single year I'd be paying more than the replacement price of a phone whether anything broke or not. And if I ended up having to get a new phone anyway, chances are slim it would happen again the following year. So with the money I saved on insurance in those two years, I'd still be ahead.

  • 47. Re: What can I do if my Galaxy S II got stolen??

    Ok that's you, but I'm not going to cancel my contract and lose my grandfathered plan and increase my plan by $50+ just to replace my phone or change my number after having it for years....although maybe they would port it over. But no way am I going to bother canceling my contract, and I'm willing to bet that for most others that idea isn't practical.

  • 48. Re: What can I do if my Galaxy S II got stolen??

    Ok, this topic is getting old. Point is what's good for you isn't good for me, and vice versa. My point is I don't think we should be telling people not to get insurance, by all means state your opinion on the matter, but the insurance is not a bad idea, maybe for you, but for others it is best to get, whether it'll be utilized or not.

  • 49. Re: What can I do if my Galaxy S II got stolen??
    smplyunprdctble

    lolita wrote:

     

    In my opinion, it's a lot cheaper to pay the insurance deductible of $130 than it is to dish out $600 for a new phone. Lots of things can happen besides the phone getting stolen, like dropping it in water, leaving it on the hood of your car, etc....insurance covers that.

    Insurance truly is a person-by-person basis.

     

    Some people are cautious about their devices. They won't drop it in the toilet, run over it with their car, nor take it with them on the 25-meter butterfly stroke ("is that a smartphone in your speedo, or are you just happy to see me?").

     

    Others are accustomed to dumbphones that are designed to handle a lot of wear and tear (a friend of mine threw one of her phones on the ground at Costco to prove a point to a salesman once) and are horrified when they sit on their expensive smartphone and the screen shatters (I've seen a lot of those, and apparently at least one of T-Mobile's competitors won't allow insurance on an iPhone).

     

    For some people, the thought of spending (130 + 7.99*22) $305.78 total to cover a new phone [or 175.78 for the peace of mind if they don't do a claim] is worth it.  $130 is definitely easier to come up with than $600 (or about $300 from a third party).  And, what exactly is $7.99?  Two drinks from Farbucks?

     

    For others, they see "305.78" and think "dang... I can buy a replacement phone on [insert person-to-person selling site here] for that or cheaper." -- which could be true on the latter end of the Term, but maybe not as much on the nearer end [and seriously, after a year and change, the chances of getting the same phone in an insurance claim is slim to none -- you'll be given an "equivalent" which one would complain about].

     

     

    Now, if you want my idea on how to make insurance "valuable", do like the big insurance companies do -- If you don't file a claim, reduce the premium and/or deductible.  If I've had insurance on my phones across five years, I've spent (7.99 * 60) $497.40.  And if there's no claims in that time, it's pure profit for the Insurance company.  Reduce the premium each year or two without a claim and you still have a steady income.  And, if you have a claim, reset the premium to $7.99.  And for people who do a lot of claims, raise their premiums.

  • 50. Re: What can I do if my Galaxy S II got stolen??

    @smply....I wonder if having the phone, or in my case phones, under homeowners insurance would be cheaper? Do you know? Don't you have it under your homeowners?

  • 51. Re: What can I do if my Galaxy S II got stolen??
    smplyunprdctble

    lolita wrote:

     

    Ok, this topic is getting old. Point is what's good for you isn't good for me, and vice versa. My point is I don't think we should be telling people not to get insurance, by all means state your opinion on the matter, but the insurance is not a bad idea, maybe for you, but for others it is best to get, whether it'll be utilized or not.

    Correct.

     

    It's better to tell people the pros and cons of insurance and let them make up their mind.  People with insurance will give reasons they like it.  People without will give reasons they don't.

     

    It's the same why you tell people the pros and cons of a cell provider.  Or the pros and cons of a neighborhood.  Or anything else.  The person makes a decision based on what they want.

  • 52. Re: What can I do if my Galaxy S II got stolen??
    smplyunprdctble

    You can get it under homeowner's?

     

    How?

    Since when?

  • 53. Re: What can I do if my Galaxy S II got stolen??

    As far as I know you can, I've had people tell me they have their insurance under their homeowners....as a matter of fact I've read it on this forum, don't remember who it was but someone on here has it under their homeowners insurance.

  • 54. Re: What can I do if my Galaxy S II got stolen??
    hagrinas

    I'm not telling anybody not to get insurance. I'm saying the in most cases, people are better off without it. If that weren't true, insurance companies would not be in business. People can decide on their own if insurance is right for themselves.

     

    As for the contract issue, what I was talking about was the theoretical maximum cost under those circumstances. I've never done it and probably never will, but if you don't feel comfortable about dropping your old plan, keep in mind that the penalty is the same no matter which one you drop. If you take out an entirely new plan, get the phone cheap, and decide that in retrospect you want to use the phone with the old plan (that you never dropped) and you drop the new one instead and pay the penalty on that one, it won't affect your old one and the penalty would be the same.

     

    Again, I'm not making a recommendation here. I'm merely stating what it would cost if you took that route. It's reasonable to know what the correct numbers would be in each case. This is what you would pay if you did it this way, and others have posted what it would cost if you did it the other way, and it's also clear what it would cost if you got insurance. Once you know all the numbers, you pick what's best for yourself.

  • 55. Re: What can I do if my Galaxy S II got stolen??
    hagrinas

    Homeowners insurance generally won't cover the loss or theft of a mobile phone unless it's in luggage or stolen  from your home, and these days it's generally only covered in luggage if it's part of a trip. Your handbag qualifies as luggage if you have an airplane ticket and you were on your way to the airport.  But most people have high enough deductibles on homeowners insurance that even if it was covered it would not pay to file a claim and risk having rates rise.

     

    However, many credit card companies will extend warranties up to two years. The catch is that if you pay the subsidized price, you are not paying for the entire purchase with the card. Nor are you likely to ever get back more than what you paid out of pocket. And since it's a second year insurance, if the device gets replaced under warranty during the first year, you have a new IMEI and the one you bought is not the one that you would be filing a repair claim for.

     

    But if you do pay full price for one, I'd suggest looking into the terms of your credit card to find out if the equivalent of the insurance is already there. My credit card gives me protection from loss, theft and breakage but only for the first few months. I get the extended warranty for up to two years, but these things come with maximum amounts and exceptions, so you'd have to check to see if cell phones are on the exceptions list.

  • 56. Re: What can I do if my Galaxy S II got stolen??

    There is also theft in Auto provided your car has a break-in and items are stolen including your phone. However to address another issue about the anti-theft software I'd recommend using Cerebus.  It has awesome features.  Hit play below to see a few in action.

  • 57. Re: What can I do if my Galaxy S II got stolen??

    Lolita, I had the Cliq mb200. The first Motorola android and I was stuck with that thing for 2 years thanks to flex pay. Got to see cupcake, donut, and eclair but completely missed froyo. Hagrinas, never will I take a contract that demands two years stuck with a device and ETFs on top of store termination fees. Bought it from Radio Shack because Costco doesn't exist in NY. Hmmm...  My choices are target, walmart, best buy, or tmobile store? The Tmobile price is parallel with all of those so I'm not wasting ETF money plus $200 for a non POS phone. Not going to sit there with the Cliq again until 1 of these 4 stores has a "sale" on my phone, I'll keep my insurance. I would more lean towards squaretrade because the idea of cash for my phone sounds more appealing. As it stands as of my last Cliq exchange back in February, when is EOL on that one? They send those things to me like it's unlimited supply. Built in fall of 2009 but winter of 2012, assurion always has one ready after the six times it got sent back.

  • 58. Re: What can I do if my Galaxy S II got stolen??

    Ugh...I know, I feel your pain hype. I sent that pos back 5 times, I swear, there were legit things wrong with it...some wouldn't power on, one the camera was like looking at night vision goggles, another i couldn't even get service on.....it was awful. They ended up giving me the mytouch 3g slide, cute little phone, but I didn't like it, it went in the "junk draw", I ended up selling it on eBay last year for $200. After that I bought the vibrant. I don't think my cliq xt even saw froyo, I'm pretty sure I got rid of it while still on 1.6. *shudders*

  • 59. Re: What can I do if my Galaxy S II got stolen??

    If you had mylookout install you can track down your phone via GPS its that good......Also regarding insurance its not worth it, if you loose your phone or damage Asurion makes you pay a $175 deductible.