[Gekko]

$7/Month
$100 Deductible (Tier 2 - Smartphones)

Total Equipment Protection combines all of the coverage of the Equipment Replacement Program and the Equipment Service and Repair Program in one complete package.

For only $7 per month, you'll have the most comprehensive coverage option. Think of it as peace of mind for you.

Equipment Replacement Program:

* Insurance coverage for lost, stolen or physically damaged devices.
* $50 non-refundable deductible applies per approved replacement
* For full terms and conditions, see the Coverage Certificate

Equipment Service and Repair Program:

* Provides coverage for mechanical or electrical failure, routine maintenance or failure from normal wear and tear.
* No additional out-of-pocket charges to repair or replace your malfunctioning device
* Over 1,800 Sprint Phone Repair Centers available to repair or replace your device. Visit Sprint Store Locator for the nearest location.
* For full terms and conditions, see the Service Contract

SPRINT PCS -

[lastdetailwd]

Yes

[ImmaSlave4U]

I started this thread a while back. And the deducible for smartphones is $100 now.

http://forums.precentral.net/palm-pr...insurance.html

[jhoff80]

Actually, the deductible is now $100. Anyway, I could've sworn that this has been discussed already.

To give a short version of my answer then, the warranty is a year, so you're covered for that. Assuming the Pre costs $200, if the phone breaks after a year, you'll pay $184 for a replacement from the insurance. After 13 months, $191, after 14 months $198.

If you're a Sprint Premier customer, which every plan available for the Pre qualifies you for, then you get the new price every year. Which means, over 14 months before breaking it, and it's cheaper to just buy the phone new.

[scaryhumor]

$7/Month
$50 Deductible


For only $7 per month, you'll have the most comprehensive coverage option. Think of it as peace of mind for you.

Equipment Replacement Program:

* Insurance coverage for lost, stolen or physically damaged devices.
* $50 non-refundable deductible applies per approved replacement
* For full terms and conditions, see the Coverage Certificate

SPRINT PCS -

It'd be silly if you didn't, and it's gone up to $100.

[Gekko]

my apologies for duplicate thread - but isn't it in a different site? or are they the same? i'm so confused.

[TPavey]

Seeing as I've never had a phone break, get lost, or get stolen in the many years that I have had cell phones, I'm glad that I've never paid for the insurance. The problem is that the insurance is so high because it is based on the retail value of the phone and not the discount value. 2 years at 7/month and you have nearly paid for the phone all over. You could use that $200 to buy the newest WebOS device.

The only people that benefit from insurance are those that really abuse their phones.

[EeZeEpEe]

my apologies for duplicate thread - but isn't it in a different site? or are they the same? i'm so confused.

I'm guessing you must be signed into TreoCentral. PreCentral Forum is the same as the Palm Pre discussion on TreoCentral. I'm originally a TreoCentral member but have been logging in to PreCentral only since that's my main interest now.

[abarrera]

i feel like as soon as i drop the insurance i would need it...story of my life

[Pearl_Diva]

The one problem is you can never predict what will happen, unless you're a true psychic.

One fall and it may be bad for the phone(hopefully you'll be OK). One mugging(again hopefully you'll be OK). These are all it takes to make insurance worth it for some people.

As in the case of theft, you can also use tracking software now available, although WebOS is so new, it may not be compatible. I hope GadgetTrak and iHound will consider it.

[tntdean]

No way...not with $100 deductible. I'd rather just buy a new phone, especially now that I am premier and can get full rebate every year.

[CriminalEnterprise]

Buying warranties is like gambling at a casino.

It feels great when it pays off and you look like a genius, but the reality of the math is that in order for such an establishment to exist, most people will lose big most of the time.

I have never bought an extended warranty for anything. There was one time where it would have paid off. Instead of feeling burned, I did some quick math in my head and realised the $600 I was out for the broken product was nothing compared to at least $2000 in extended warranties I would have bought to have covered every electronics purchase I'd made in the past decade.

Do the math. Count your savings every month instead of dreaming of your jackpot winnings.

[mcnutty]

So 6 months in when you lose your phone, have it stolen or drop it in a stein of your favorite beverage and need to spend ~500 to replace it, would you have felt better spending an extra $7 a month or saving that $7?

When you have never had a problem with a phone, I suppose it would seem like gambling, however once the problem does arise I'm sure it no longer seems like gambling and comes across as wise planning.

[TomD]

Yep

[CriminalEnterprise]

So 6 months in when you lose your phone, have it stolen or drop it in a stein of your favorite beverage and need to spend ~500 to replace it, would you have felt better spending an extra $7 a month or saving that $7?

When you have never had a problem with a phone, I suppose it would seem like gambling, however once the problem does arise I'm sure it no longer seems like gambling and comes across as wise planning.

Simple human psychological tics like greed and loss aversion are what casinos rely on to keep bettors lining up.

The house always wins. Sprint wouldn't be selling insurance if they weren't pulling down bucketloads of pure profit doing it.

[jhoff80]

So 6 months in when you lose your phone, have it stolen or drop it in a stein of your favorite beverage and need to spend ~500 to replace it, would you have felt better spending an extra $7 a month or saving that $7?

Or better yet, take care of the things you own for free.

Though, if you are the clumsy type with things, then by all means it makes sense. My brother has forgotten he had his phone in his pocket on 3 separate occasions before he's gone into the pool. For someone like him, it makes sense.

[mikejaret]

arguing over insurance is stupid....people who dont believe in it DONT get it and people that do GET it. Personally I have maxed out my asurion every year with verizon...so I WILL get it....dont care about what others will do....

[CriminalEnterprise]

arguing over insurance is stupid....people who dont believe in it DONT get it and people that do GET it.

I believe in insurance, but these plans are to insurance what usury is to loans.

If you pay for this at $7/mo for 24 months and you need to make a claim you've paid $268 to save $499. Chances are you'll be given a refurbished unit, so cost to Sprint is far below the already inflated retail, and in any case the full retail price of these units will fall over 24 months.

[beret9987]

I'm thinking about it but as an Sprint Premier member I get to upgrade every year anyways which is sorta how I roll... So probably not. I have a spare Treo Pro lying around anyways if need be.

[bulls96]

you can bet on it i will!

had 2 Treo 755p's replaced because of this. Well worth it! especially for a smartphone.