The very idea of having your iPhone insured is to take away the pain of: (a) having to spend more time than necessary without your phone, and (b) spend more money than you wish to obtain it's replacement. The speed with which you are supplied with a replacement for your stolen or damaged iPhone varies between insurance companies, but you should be back up and running inside 3 days.

If your anything like me, you will probably find that your totally dependant upon your iPhone. No longer are many phones simply devices that you use to speak to someone and send text messages. No, the iPhone is so much more, and as such it will almost certainly become a very valuable piece of equipment which you will find yourself using every day to organise your life.

The great advantage of having your iPhone insured is that you will be covered for both theft (mobile phone theft is the fastest growing crime in the UK) and damage to the phone. Even if you are travelling abroad you are still covered.

Some people don't bother with insurance for their mobile phones, making the assumption that they are covered by their household contents policy. However, its best to check this properly first, because many of these policies will only pay out a fixed amount for certain gadgets. There is nearly always an excess to pay (which could be as much as the phone is worth) and the process will certainly tale much longer than a specialised company.

It could be that you are a very careful person. You would never let your expensive iPhone out of your sight, and you would certainly never treat it harshly or cause it to become damaged in any way.
On the other hand, you may be the total opposite. Always dropping it or even being the serial victim of mobile phone theft.

Mobile phone insurance is perfect for both of the above types of phone owner because it gives you tremendous peace of mind.

Simply knowing that your phone is fully insured and you will have a replacement in a few days will prevent you from making (sometimes) instant dangerous decisions.