Brits Do Not Buy Into Mobile Phone Insurance
The latest report by Virgin Media suggests that Brits feel skeptical about mobile phone insurance.
The survey performed among 1000 Brits revealed that 72% of them do not have mobile phone insurance, with the vast majority - 60% - saying it is too expensive. Meanwhile, 70% of those questioned admitted to have broken or lost up to 7 mobile phones in their lives.
A large number of Brits also believe mobile phone insurance is unnecessary because there are certain types of damage not covered by policies. By far, the most widespread is water damage which accounts for 47% of broken phones.
Commenting on the findings, Jamie Haywood of Virgin Media, said: "With smartphones being core to our daily lives and many of the latest devices costing up to £500, it’s shocking to learn that so many consumers aren’t protecting their investments. Clearly there’s an opportunity for the mobile industry to transform consumer perception about the importance and value of mobile insurance; it’s time to shake up the market…"
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