Insurance
Just curious why T-Mobiles insurance is going up so much? When they only have you sign one year contracts what is the point in me paying 5.99 per month and then 110 for a deductible to have my phone replaced with a refurb. Needless to say my insurance is going to be dropped because I have 3 phones around I can use until my contract becomes up for renewal. If I decide to renew.
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daddydogg_00 said:
Just curious why T-Mobiles insurance is going up so much? When they only have you sign one year contracts what is the point in me paying 5.99 per month and then 110 for a deductible to have my phone replaced with a refurb. Needless to say my insurance is going to be dropped because I have 3 phones around I can use until my contract becomes up for renewal. If I decide to renew.
In the first place, it's NOT "T-Mobile's insurance." It's a separate company called Asurion and they're doing it because they get the same four bucks a month and 35.00 deductible whether they're replacing a Nokia 6010 or an iPaq 6315. Personally, I don't bother with insurance, because I don't actually care what phon...
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Aleq said:...daddydogg_00 said:
Just curious why T-Mobiles insurance is going up so much? When they only have you sign one year contracts what is the point in me paying 5.99 per month and then 110 for a deductible to have my phone replaced with a refurb. Needless to say my insurance is going to be dropped because I have 3 phones around I can use until my contract becomes up for renewal. If I decide to renew.
In the first place, it's NOT "T-Mobile's insurance." It's a separate company called Asurion and they're doing it because they get the same four bucks a month and 35.00 deductible whether they're replacing a Nokia 6010 or an iPaq 6315. Personally, I don't bother with insurance, because
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Or to put it another way . . . there's a reason why insurance salesmen wear $1k suits and drive expensive German cars. 😁
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The new insurance rates are a complete joke. I would be willing to bet money that this either never happens, or gets changed immediately if it does. Has anybody seen which phones are considered "mid-tier" according to Asurion? I beleive the Nokia 6800 is on the list, as well as the Samsung X475. Anybody who has been on service more than a month can replace their X475 for $99 currently, and Asurion expects their customers to pay them $110 for the honor of having it replaced. 🤣 🙄
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FWIW, I'm with you on this one. I had a lady on a fixed income call up, just livid over the changes--I ran it down to her, told her she could just get a cheap 40.00 phone and use THAT for an insurance policy! She ordered a phone from me, cancelled the insurance and was on her way happy... I think there will be a lot of this in the next few months.
Yeah, they're saying my E105 is 5.99 a month and a 70.00 deductible--I just don't think so!
Yeah, they're saying my E105 is 5.99 a month and a 70.00 deductible--I just don't think so!
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Aleq said:Pfft. I bought a brand new Samsung a650 without extending my contract for $70 bucks. Handset insurance: Tax for suckers.
FWIW, I'm with you on this one. I had a lady on a fixed income call up, just livid over the changes--I ran it down to her, told her she could just get a cheap 40.00 phone and use THAT for an insurance policy! She ordered a phone from me, cancelled the insurance and was on her way happy... I think there will be a lot of this in the next few months.
Yeah, they're saying my E105 is 5.99 a month and a 70.00 deductible--I just don't think so!
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muchdrama said:Aleq said:Pfft. I bought a brand new Samsung a650 without extending my contract for $70 bucks. Handset insurance: Tax for suckers.
FWIW, I'm with you on this one. I had a lady on a fixed income call up, just livid over the changes--I ran it down to her, told her she could just get a cheap 40.00 phone and use THAT for an insurance policy! She ordered a phone from me, cancelled the insurance and was on her way happy... I think there will be a lot of this in the next few months.
Yeah, they're saying my E105 is 5.99 a month and a 70.00 deductible--I just don't think so!
There are a few people who really need insurance--I've talked to people who've gone throug...
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You guys are all looking at this the wrong way. I agree that if you carry a mid or low-tier phone, insurance is not for you. As a sales rep I always offer insurance (in AZ we don't get paid for adding it, but are required to offer the feature), but I let customers know the cost difference.
However, EVERY customer that leaves my store with a 6315, SKII, BlackBerry, Treo, A630, or other high end phone has either added the feature or has the brochure with a big "7 DAYS" written on it.
At 5.99/mo with one replacement it would cost 182.00 to replace a 6315 versus 519.99 with contract. Or 292.00 to replace two A630's in one year versus 639.98.
Those are the reasons we offer the Equipment Protection.
Everyone else should be careful and ...
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However, EVERY customer that leaves my store with a 6315, SKII, BlackBerry, Treo, A630, or other high end phone has either added the feature or has the brochure with a big "7 DAYS" written on it.
At 5.99/mo with one replacement it would cost 182.00 to replace a 6315 versus 519.99 with contract. Or 292.00 to replace two A630's in one year versus 639.98.
Those are the reasons we offer the Equipment Protection.
Everyone else should be careful and ...
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And no one has suggested that it's a waste of money to insure PDA's and the like. What we're commenting on is that for phones in that mid tier the insurance is becoming ludicrous--5.99 per month and a 70.00 deductible for a Samsung E105. Equivalent current phone is an x475. Say I lose my phone after six months, at 5.99 that's 35.94 I've paid, then a 70.00 deductible brings the cost to 105.94 for a phone I can get on upgrade currently for 99.99 with a contract extension. That would be a guaranteed new phone, by the way, not a refurb. Or I buy a C225 for 40.00, save 60.00 and get a car charger thrown in for free. Looks like a win/win for me.
So my point stands, in all but a few exceptional cases, insurance is a waste of money--essentia...
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So my point stands, in all but a few exceptional cases, insurance is a waste of money--essentia...
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I work for alltel and our insurance is doing something similiar since we are switching to Assurion. Maybe I am looking at this the wrong way but At Alltel we do many two year contracts so the Insurance makes more sense and we only have 2 or 3 of our 13 phones as high tier so most of our phones are low tier. I have an E105 laying around and I normally switch phones every year and with one year contracts I can find a way to live with out insurance. Hey T-mobile used to sell the 6010 for 56 and is not a bad phone. I will pay that instead of 110 for a 6600. I think I just lost my phone and need to file a claim before July 1. lol
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How come on the T-Mobile website it says insurence is $3.99/mo. I am switching to T-Mobile (Moto V330) this weekend and everyone one this fourm is giving different deductables so which price it right?
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Currently, insurance is $3.99 a month for all phones, and the deductible is $35 for any phone as well. However, Asurion (the insurance company that we use) is planning to switch over to the new pricing that you've been reading about. I don't know the date for sure, but apparently they have already been sending letters to current Asurion subscribers notifying them of the price changes. I personally think that if they carry through with this, it will be a disaster for everybody. If I were you, I would insure my V330 at the current rate, but not if they raise it to $5.99 a month and a $70 or $110 deductible.
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JDigital said:Asurion's probably doing it because people are bucking the system, and it's become more...
Currently, insurance is $3.99 a month for all phones, and the deductible is $35 for any phone as well. However, Asurion (the insurance company that we use) is planning to switch over to the new pricing that you've been reading about. I don't know the date for sure, but apparently they have already been sending letters to current Asurion subscribers notifying them of the price changes. I personally think that if they carry through with this, it will be a disaster for everybody. If I were you, I would insure my V330 at the current rate, but not if they raise it to $5.99 a month and a $70 or $110 deductible.
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muchdrama said:...JDigital said:Asurion's probably doing it because people are buck
Currently, insurance is $3.99 a month for all phones, and the deductible is $35 for any phone as well. However, Asurion (the insurance company that we use) is planning to switch over to the new pricing that you've been reading about. I don't know the date for sure, but apparently they have already been sending letters to current Asurion subscribers notifying them of the price changes. I personally think that if they carry through with this, it will be a disaster for everybody. If I were you, I would insure my V330 at the current rate, but not if they raise it to $5.99 a month and a $70 or $110 deductible.
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