Mobile Phone Insurance from Nationwide
Home and Contents Insurance
As with other banks, it is possible to benefit from mobile phone insurance when you take out a home and contents insurance policy with Nationwide. While this is slightly indirect â€“ you wonâ€™t actually be insuring your device, but will be able to claim if itâ€™s damaged in your home â€“ it can be a good way of avoiding having to pay for multiple policies. Just so long as youâ€™re comfortable with the downsides.
Nationwideâ€™s home and contents insurance covers up to ÂŁ50,000 worth of good in the home, which is more than enough to protect your mobile device. However, the standard policy does not cover mobile phones and gadgets and you need to add the optional Out and About cover which will cover your device and gadgets not only within the house but worldwide (for 90 days), whereas MPID’s cover offers Unlimited Worldwide Cover.
The main issue with optional extras is that they will increase your monthly premiums, making them more expensive than a basic smartphone insurance policy. Whatâ€™s more, if you do have to make a claim, your premiums will increase across the board, not just for the item you claimed for.
Bank Account Cover
Another easy way to get Nationwide mobile phone insurance is through the FlexPlus current account. When you take out this bank account in your name, one of the added benefits is worldwide family phone insurance, which protects all of your familyâ€™s devices against loss, theft, and accidental damage, up to the value of ÂŁ1,500.
This also covers your device against unauthorised calls(within the first 24 hours), as well as accessories cover if theyâ€™re damaged or stolen at the same time.
While this is one of the most robust mobile phone insurance policies offered as part of a bank account, there are still some drawbacks. These include the inability to make more than 4 claims in a year (presumably, one for each family member) and the hefty excess charges that apply, which could be up to ÂŁ125 (MPID start at ÂŁ400. Furthermore, the bank account costs ÂŁ13 a month to maintain, which is slightly more expensive than dedicated mobile phone insurance, however, if you can enjoy the extras, it may be worth the investment.
What MPID Offer
Compared to mobile phone insurance from Nationwide specialist providers usually offer the cheapest policies â€“ without compromising on quality.
We cover loss, theft, accidental damage, mechanical breakdowns and more, giving you peace of mind. With 30 yearsâ€™ experience, we know how important your device is to you â€“ thatâ€™s why we offer a 14-day money back guarantee, as well as a 12-month warranty on all repairs and replacements. Whatâ€™s more, weâ€™re proud to handle all our claims in-house, so youâ€™ll never be passed onto a third-party repairer.
Unlike other insurance providers whose primary concern is your bank account or your house, MPID is solely concerned with the welfare of your phone. All claims are handled quickly and efficiently; and with unlimited claims and worldwide cover you can relax knowing your precious device is protected anytime, anywhere.