How to Insure an iPhone

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What You Need to Know

  1. High value gadgets such as the iPhone are popular targets for thieves, so it’s a good idea to get them insured.
  2. The AppleCare Protection Plan covers technical support and hardware problems but not theft, loss or accidental damage.
  3. Home insurance policies can be extended to cover iPhones. However, you may be asked to pay a significant excess if you lose your smartphone and want to make a claim.
  4. A claim made on your home contents insurance may also be refused if you forget to get your iPhone added to your policy.
  5. Most mobile phone operators will offer iPhone insurance. While convenient, this is often the most expensive option.
  6. Specialist insurers such as offer cheaper insurance, though again, be prepared to pay some excess is you make a claim.
  7. Some high street banks offer cover for phones through their fee-paying accounts, so look into this option.

Why Get Your iPhone Insured?

As with most state-of-the-art gadgets, iPhones are the favourite targets of thieves.

Add this to the fact that you’ll be using your iPhone on the go, thereby running the risk of damaging it or even forgetting about it and leaving it behind in a coffee shop or pub, and the arguments for getting your smartphone covered are pretty compelling.

Through its AppleCare Protection Plan, Apple allows you to pay a one-off amount (£61) for up to two years technical support and hardware repair coverage, though this doesn’t cover loss, theft or accidental damage.

As such, you will have to look elsewhere for insurance for your iPhone and check out the various options available to you.

Home Insurance

On the face of it, the cheapest and easiest way of getting your iPhone covered is to add it to your home insurance policy.

Note that, while it is likely your home contents insurance will cover items lost, damaged or stolen outside of the home, you may be required to name it as an individual item on your premium and failure to do so may lead to your claim being declined.

On the plus side, your annual premium will not go up by much simply by adding an iPhone to the policy.

However, the main downside to insuring your new gadget this way is that claiming on your home contents insurance policy often requires you to pay a significant sum in excess, with this sometimes close to, or even greater than, the value of an iPhone.

Provider Insurance

Your mobile phone service provider is another option when it comes to getting your iPhone insured. However, generally speaking, while this is straightforward and requires no extra work on your part, telecoms providers can charge relatively high rates for their cover. Options available include:

  • O2: iPhone insurance with O2 costs £15 per month, with this covering accidental damage, loss and theft (though not unattended theft). You will, however, be required to pay an excess of between £50 and £150, depending on the model of phone and how many previous claims you might have made.
  • Vodafone: Vodafone also offers iPhone insurance, with cover costing around £12.99 per month though, again, an excess is payable if your phone is lost or damaged.

Specialist Insurers

As well as home and provider insurance, it’s also possible to get more specialist cover for your phone, with a number of small insurers focusing on gadgets such as laptops and iPhones. Some of the more popular specialist gadget insurers include:


Generally speaking, these smaller insurers can offer significant savings – up to 50 per cent cheaper than the cover offered by mobile phone providers – with excess levels also lower.

Current Accounts

Before you commit to any insurance policy, it’s worth looking at the small print of your current account first. Some high street banks offer cover for phones through their fee-paying accounts. For a relatively small amount – generally under £10 per month – they will cover lost, damaged or stolen phones.

For example, Lloyds offers covers for phones worth up to £2,000 and will even pay out for unauthorised use, up to the value of £1,500.

Again, it’s worth exploring all the options open to you before making any commitment as the easiest or most obvious route may not be the cheapest.

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