We all love our mobile phones, many of us will go nowhere without our small, but much loved phone friend. But you may be surprised to learn, as a nation in general, how we regularly abuse our mobile friends!

We could all benefit well from the right Mobile Phone Insurance, especially after the release of insurance company figures. This becomes increasingly more understandable when you analyse the data and notice that in the UK more than 2,000,000 phones suffered water damage, accidental damage, loss or theft.

When taking note of the facts above, you may have a change of heart and decide to invest in mobile phone insurance to cover your phone if the worst happens. At this point it would be wise to take a step back, as not all Mobile Phone Insurance cover is the same. There are some insurance providers that write out of the cover offered, important modules such as loss and even water damage.

This may sound like outlandish behaviour on their behalf, but emitting certain areas of risk from policies is all but to common in the insurance world, they are effectively managing their profits at your risk. Now I would find that satisfactory if they advised upfront that water damage was not covered in the policy and clearly advise you of this in the products ‘Key Description’. More often than not, this will not be advised to you when you purchase your insurance, but hidden away somewhere in the small print and will only come to light if you make a claim.

Unfortunately for the unsuspecting consumer this is completely legal, as the insurance company will have made reference to this in the terms and conditions (known to us as the small print ). The only way to avoid this situation would be to read all of the terms and conditions before you take up the Mobile Phone Insurance product.

Another point well worth taking note of is price. It does not follow that the more you pay the better the quality of the insurance. In fact, with some policies it can be quite the opposite. You may well find a big variation in cost, so it is worth shopping around for the cheapest Mobile Phone Insurance that offers you the cover you require to protect your mobile phone.