Do you need to insure your mobile phone?

AT&T has announced that it will be offering a decrease in its insurance rates for iPhones, beginning at the end of August 2011, leading many people to wonder whether they require this additional coverage. Though it sounds appealing to customers to protect their mobile devices – especially at a reduced rate – consumer advocates are warning people that even with lower rates, cellular phone insurance may not be necessary. AT&T has been offering standard cell phone coverage for iPhone devices as of July 17, 2011, through the insurer called Asurion,…

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Selling insurance for broken or stolen cell phones may have new rules

Legislators in Nebraska are mulling over a bill that would require cell phone vendors to carry insurance licenses. The bill, proposed by Senator Dennis Utter of Hastings, Nebraska, would make it mandatory for vendors to obtain producer licenses if they offer policies that cover loss, theft or damage – cell phone insurance . The measure has received unanimous support from the state’s Senate thus far. This seems to be a trend in a number of states around the country. With nine other states already having similar laws in place, with…

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