The initial cost of purchasing an iPhone may not worry some individuals because they tend to get a new phone by signing a two-year service contract with a mobile phone network.  This contract provides the consumer with a new iPhone at a substantially reduced price -- this is very appealing because a new iPhone can cost several hundred pounds.

When an iPhone becomes damaged or stolen, the user will not be able to get a reduced price for the purchase of another phone.  The only option that is left is to purchase it at full price.

One way to avoid having to purchase a new iPhone is by purchasing iPhone insurance.  This insurance cover provides the following protections:

• Liquid damage
• Accidental damage
• Theft
• Fraudulent Calls
• Extended warranty cover

The small monthly insurance premium or excess fee (£5.99 per month) is much less than having to purchase a new iPhone, should you experience a covered event.