Many homeowners may be wondering if the homeowner’s insurance plan they purchased offered coverage for their smartphones and related gadgets. This is in comparison with some of the top-rated cell phone insurance policies that many consumers around the country have been looking at.

KEY TAKEAWAYS:

  • Most homeowner’s and renter’s insurance plans will offer some coverage for smartphones.
  • If you are burgled and your phone is stolen or vandalized, an insurance plan should pay for repairs or replacement.
  • Many plans also offer coverage for water damage and damage related to a natural disaster.

Does Homeowner’s Insurance Cover Smartphones?

Yes. A standard homeowner’s insurance plan will cover your cell phone as long as the scenario meets the same criteria as any other item of value in your home. The same goes for many renter’s insurance plans.

Insider Tip

A standard homeowner’s insurance plan will cover your cell phone as long as the scenario meets the same criteria as any other item of value in your home.

Homeowner’s Insurance and Renter’s Insurance Smartphone Scenarios

Phones tend to fall under the personal property category when it comes to homeowner’s insurance and renter’s insurance plans. This means that coverage will be offered to your phone when it meets qualifications pertaining to a scenario illustrated in your insurance plan under “personal property.”

Burglary and Theft

If someone breaks into your home and steals your smartphone, the costs of a replacement should be covered in your homeowner’s or renter’s insurance plan. The same rule will apply if someone enters your home illegally and vandalizes or damages your phone. To make sure you get an insurance payment quickly, be sure to keep all of your receipts and documentation in reference to your smartphone.

Insider Tip

If someone breaks into your home and steals your smartphone, the costs of a replacement should be covered in your homeowner’s or renter’s insurance plan.

Water Damage

If your homeowner’s or renter’s insurance plan offers coverage to water damage pertaining to pipe malfunction and the like, then that coverage should extend to your smartphone. Some insurance plans do not offer coverage for water damage, so be sure to read the fine print before purchasing a plan. Additionally, you may want to call your current plan provider to ensure they offer coverage for water damage. And if you have a cell phone insurance cover, it is best you understand whether or not the cover extends to water damage.

Natural Disaster Coverage

If your smartphone is damaged or destroyed during a natural disaster, then your homeowner’s or renter’s insurance plan should pay for the repair costs or for a full replacement phone. Most insurance plans offer coverage for a number of natural disasters, including windstorms, hail, fires, blizzards, and lightning. If you are looking to ensure your smartphone will be covered in the event of one such disaster, be sure to note your phone as an item of personal property when purchasing the plan.

What is Not Covered

If you damage or lose your phone while not at home, then your insurance plan will likely not cover repair or replacement costs. Additionally, not every natural disaster is covered by many homeowner’s and renter’s insurance plans. For instance, many plans do not offer coverage for earthquakes, floods, or mudslides. Lying about such cases can be classified as cell phone insurance fraud. Be sure to read the fine print.

Warning

To make sure you get an insurance payment quickly, be sure to keep all of your receipts and documentation in reference to your smartphone.

F.A.Q.

How much do I have to pay if homeowners insurance doesn’t cover my phone?

If your plan offers no coverage to a smartphone, then you will have to pay for all repairs and pay for any replacements.


Is smartphone insurance worth buying?

Sure. Smartphone insurance will cover the phone well beyond what a homeowner’s plan will offer. In other words, the phone will be covered even if it is stolen or damaged while you away from home.


Which phone insurance plan is worth getting?

This depends entirely on your specific needs, as each company and plan is different.



STAT: A standard homeowners policy has a deductible that’s typically 1% of the home’s value. (source)

Lawrence Bonk

Lawrence Bonk is a copywriter with a decade of experience in the tech space, with columns appearing in Engadget, Huffington Post and CBS, among others. He has a cat named Cinnamon.

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