If you have recently purchased a smartphone and are thinking of opting into Sprint’s Total Equipment Protection service, you may be wondering if it is a good deal. Overall, it’s ranked among the top tier cell phone insurance providers.

KEY TAKEAWAYS:

  • Sprint Total Equipment protection plans generally cost around $9 to $19 per month, depending on the make and model of your smartphone.
  • These plans offer coverage for device malfunctions, accidental damage, loss, and theft.
  • The company’s insurance plans also will extend coverage to smartphone accessories, such as batteries and chargers.

Is Sprint Total Equipment Protection Worth It?

This depends on the consumer, their smartphone, and what type of coverage they are looking for. In the same way, you would ask for any phone policy cover, is phone insurance worth it? Generally speaking, Sprint’s insurance plans are well-regarded.

Phone Insurance Coverage Cost

The monthly premium for Sprint’s insurance plans ranges from $9 to $19, depending on what kind of smartphone you own. Each smartphone falls into a tier that impacts this monthly premium. Other providers such as SquareTrade offer a 30-day trial, but many would ask, is square trade worth it despite its five star rating from most reviews?

Insider Tip

The monthly premium for Sprint’s insurance plans ranges from $9 to $19, depending on what kind of smartphone you own.

What Do Sprint Insurance Plans Cover?

It is important to understand the exact scenarios in which Sprint’s Total Equipment Protection plan will offer coverage.

Phone Malfunctions

If your phone malfunctions out of the blue, it is likely that a Sprint insurance plan will cover it. This will pertain to damage pertaining to a manufacturing error or just everyday wear and tear. It is important to note that Sprint insurance plans will not cover any malfunction that is caused by customer negligence or any damage that was purposefully caused by a consumer.

Accidental Damage

Sprint insurance plans will cover many instances of accidental damage to a smartphone, tablet, or related device. This includes water damage, which could happen accidentally via a phone dropping into a pool or a toilet. This also includes cracked screens and broken displays, both of which can occur when a phone is accidentally dropped onto a hard surface, such as concrete or pavement.

Insider Tip

If your phone malfunctions out of the blue, it is likely that a Sprint insurance plan will cover it. This will pertain to damage pertaining to a manufacturing error or just everyday wear and tear.

Theft and Loss

One of the key benefits of purchasing a Sprint insurance plan is to ensure a replacement device can be issued to you in the event of a loss or theft. A phone replacement is not free with these plans, however, as it will cost you anywhere from $50 to $275, depending on the device that needs to be replaced. An insurance plan will only likely cover one instance of theft or loss in a given period.

Replacement Accessories

Sprint offers the replacement of necessary smartphone accessories as part of their insurance coverage. This means the company will replace a phone charger, a standard lithium battery, or the SIM card in the event of malfunction, loss, or theft. The Sprint Total Equipment protection plans generally only cover a single replacement for each accessory.

Warning

It is important to note that Sprint insurance plans will not cover any malfunction that is caused by customer negligence or any damage that was purposefully caused by a consumer.

F.A.Q.

What coverage will you need?

This depends entirely on the individual, as not all smartphone owners are at risk of losing their phone or having it stolen. If you have children 12 or younger, a plan that covers damage, loss, and theft might be a good idea.


Is there a deductible charge or additional fee?

Sprint insurance plans do feature a fairly costly deductible that ranges from $50 to $275, depending on the make and model of your smartphone.


Who does the repair?

All repair work is done at one of 450 repair locations authorized by Sprint to operate on their behalf. The company also allows repairs to be done at Apple Stores, for iPhone owners.



STAT: If you have renter’s insurance, your phone is most likely covered in your policy — though renter’s insurance is usually subject to a higher deductible ($500+) per claim. (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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