Wireless Observer wireless technology observer

You probably know someone who's dropped their cell phone in the toilet, left their iPhone in a cab or experienced some sort of cell phone mishap that left them disconnected. Would these people have benefited from an insurance plan? In most cases, insurance won't actually save you any money by the time you pay the premium and deductible. Experts say you can probably skip the insurance, but offer tips on how to protect yourself in case you do lose or destroy your phone.

AT&T, Verizon, T-Mobile and Sprint work with Asurion, a third-party insurance company. Their plans cover phone loss, theft and damage, including water damage. A manufacturer's warranty typically lasts one year from the date of purchase and is more limited, covering some product malfunctions, but not a drop in the pool. Warranties also generally don't protect against loss or theft.

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