Should you buy iPhone insurance? If you're worried about losing or damaging your iPhone, you're probably wondering just that. Here, we've got expert advice on the best iPhone insurance options and how to find the best iPhone insurance to suit you.

Best iPhone insurance 2017: Consider the different types of iPhone insurance cover

Before taking out a policy you need to think about how you use your iPhone, its value and the risks. Most policies will cover for liquid, damage and theft but cheaper packages – starting at around £4 a month - will often only offer theft as optional or leave it out entirely. This might be a deal breaker, say, for those living in dangerous neighbourhoods.

It’s also worthwhile considering adds-on like worldwide cover, the need for a replacement service (some insurers take longer than others) and the amount you’re willing to pay.

Best iPhone insurance 2017: Weigh up risk versus price

As part of this consideration, you need to weigh up the cost against the likelihood of needing to take out a claim. Figures from SIM-only operator GiffGaff showed that 80 percent of smartphone policy holders never take out a claim.

But remember that price isn’t just the monthly direct debit but also the excess which you’ll fork out in the event of an accident. For example, a policy from Protect Your Bubble costs £7.99 per month but charges just £50 for excess. More affordable policies with lower monthly costs see excesses rise up to near £100, and offer maximum cover as low as £450.

Best iPhone insurance 2017: Look at multi-policy

You’ll often get a cheaper policy if you protect your iPhone in a multi-device policy. Vendors like Protect Your Bubble and Gadget Cover offer affordable – and flexible – packages which protect your smartphone, tablet and PC.

Best iPhone insurance 2017: Think outside the box

Think outside the box on who offers phone insurance. UK banks Barclays, Halifax, Nationwide, and NatWest offer insurance, for example.

Your mobile network might offer phone insurance too. EE, O2 and Vodafone each offer instant phone replacement insurance, for example.

Best iPhone insurance 2017: What have you already got

And while, yes, an affordable and comprehensive policy wouldn’t go amiss, it is sometimes worth looking closer to home.

For instance, should your iPhone break down within the 12-month warranty period Apple will cover you for manufacturing defects. AppleCare+ users will be able to replace an iPhone if it has suffered accidental damage.

Another avenue is home contents insurance. You could even add the iPhone to your policy by opting for it to include personal possessions cover, which applies to items lost, stolen or damaged in the home. Be careful, though – home insurance excess fees are higher and could result in higher future premiums.

Best iPhone insurance 2017: Beware loopholes in terms and conditions

Most standalone policies are reasonable, but some have small loopholes with big repercussions – the Financial Conduct Authority has previously reported that many mobile insurers have misleading terms and conditions.

Source: www.macworld.co.uk