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There may come a time when you no longer want or need even the best cell phone insurance. At this point, you will have to undergo a cancellation procedure.
If you are preparing to purchase a new phone, traveling overseas, or just starting a new phase of your life, it may be time to cancel that smartphone insurance protection plan or extended warranty.
Many of these companies should have a dedicated option for consumers to cancel their phone insurance.
Phone insurance plans and the companies that offer them vary wildly in coverage, exclusions, and cancellation procedures. Here are some general tips to help you get that insurance plan canceled as efficiently as possible.
The easiest way to cancel smartphone insurance is to call a customer service line affiliated with your insurance provider. If your insurance has been issued by a wireless carrier, such as Verizon, a customer service phone number can be easily obtained with a quick Google search. The same can be said for third-party insurance providers, such as Asurion and SquareTrade. Many of these companies should have a dedicated option for consumers to cancel their phone insurance.
Another simple way to cancel smartphone insurance is to visit the web portal for the company that issued you the insurance in the first place. The methods may vary, but all of the major wireless providers offer online options for the canceling of insurance. The same goes for third-party or aftermarket providers, such as Akko and GeekSquad. The cancellation button can be on the smaller side and difficult to find, so take your time and try not to become frustrated.
Another simple way to cancel smartphone insurance is to visit the web portal for the company that issued you the insurance in the first place.
Most wireless providers and aftermarket insurance companies offer dedicated apps for accessing pertinent information regarding claims, accounts and other general information such as how to find new imei on insurance phones. These apps can be accessed via your smartphone. Methods will vary depending on the company, but look for an area labeled “account settings” and dig in the menus until you find an option to cancel your smartphone insurance. Verify your decision and then the process should be finished.
If you signed up for an insurance plan and signed a contract for a specific length of time, then you may not be able to cancel the plan until that timespan has finished. Read the fine print of your insurance and contact customer service for details. You may have to pay a fee for early cancellation. Also, remember that canceling a policy is different from canceling a claim. For instance when you found your lost phone after an insurance claim.
The cancellation button can be on the smaller side and difficult to find, so take your time and try not to become frustrated.
What does phone insurance cover?
Plans vary, but phone insurance typically covers accidental damage, loss, and theft.
Is insurance on a phone worth it?
This depends on the coverage offered and the maximum lifespan of the insurance. In many cases, we think smartphone insurance plans can be worth it.
Is there a penalty for canceling phone insurance?
Many smartphone insurance plans activate on a month-to-month basis. In this case, there would be no financial penalty for cancellation. There could be a penalty, however, if you signed a contract for a predetermined length of time.
STAT: The global mobile phone insurance market size was valued at USD 18.49 billion in 2018. (source)