Mobile phone insurance is the most important pre-requisite in today's world. UK records a very high number of mobile losses every year (around 700,000 maybe more) and it is in our best interest if we protect ourselves by a mobile insurance.
Mobile phone insurance would protect you from a number of calamities. Depending on your policy you would have saved against both attended and unattended theft. Even loss (National and worldwide) and accidental damage would have covered under your insurance. This type is available separately for contract and pay as you go phones.
The other options to consider while going for an mobile insurance are – Airtime abuse and The number of phones covered. An airtime abuse, it would protect you against any misuse of your airtime. Many service providers do provide a 'lock' period, however your airtime can be misused before that. If you own a number of phones or have a number of phones in your household, you could look for a policy that would cover multiple phones.
If you own a very expensive mobile or a late set, you could even jumble it into your home content insurance. This is accepted and you would have no problems.
Insurance in general and mobile insurance in particular is very important. It safeguards us and enables us to live a tension free life. Rising costs, thefts with an even steep curve leave us with no option but to go for an it.
This has never been a method to squeeze out money from you and the same is true for the entire insurance sector. And to be fair to us, we as Britons realize the importance of it very well.