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More insurance needed for mobiles

05 August 2004
More than two fifths (43 per cent) of personal robberies involve a mobile phone being stolen or demanded from the victim, a new study claims.

Mobile phone ownership in the UK has rocketed in the past five years to 51 million, but the number of thefts has also increased, with more than 700,000 handsets stolen a year.

Halifax General Insurance points out that replacing a phone can cost hundreds of pounds, as they are free or heavily subsidised when first bought.

The insurer claims that it can be cheaper in the long run to insure a mobile phone on home contents insurance via the personal possessions section, which covers personal possessions such as cash, jewellery and cameras, as well as mobiles, up to a pre-arranged limit.

Consumers can pay an extra premium to get cover away from home, but should be aware that most insurers will not pay out the cost of any unauthorised use of the phone, The Daily Mail reports.

Alternatively, mobile phone users can take out insurance from the company they bought their mobile from and there are also stand-alone policies through internet-based companies or retailers. Several banks offer mobile phone insurance as part of the benefits of their premium accounts.
DeHavilland Information Services plc