this post was submitted on 02 Dec 2025
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Technology
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You should only take insurance on things you can't afford to replace (like your house, your car). If you can't replace your phone from savings, you shouldn't buy a high-end phone.
Just because you can replace your phone from savings doesn't mean it's desirable to do so. The monthly payments for these plans are low, and they have saved me money with two full replacements over a period of about 5 years.
Typically an insurance doesn't save you money. If it did the insurer would go bankrupt.
Unless you know you will claim much more than a typical insuree, because you break a lot of stuff.