Why You Should Never Buy Verizon Phone Insurance

Over 120 million users in the U.S. subscribe to Verizon's wireless network. Many of these also pay for Verizon phone insurance and device protection services. However, at up to $17 per month, customers spend more than they need to for coverage.

With 121.3 million subscribers, according to its 2Q 2021 Earnings Conference Call Webcast, Verizon is currently the largest wireless carrier in the United States. While it's unclear precisely what proportion of its customers pay for Verizon insurance and device protection, many smartphone owners who do are spending over $200 annually for the privilege.

Verizon charges these customers every month unless they cancel, with the amount billed directly to their Verizon accounts. Yet, many customers don’t realize they're overpaying significantly for warranty coverage. Furthermore, Verizon's phone insurance and device protection services suffer from a number of limitations.

For example, despite paying hundreds for coverage, Verizon customers must also pay a deductible of up to $249 when making a claim. At the same time, Verizon limits claims to three per year. So, what happens if Verizon phone insurance customers find themselves having more than three mishaps in a given 12-month period? In this instance, even though the customer paid $200 or more for protection, they don't have protection.

Because of the high costs, customers should avoid purchasing Verizon phone insurance.

Verizon charges its subscribers $17 per month for insurance and device protection on smartphones like the Samsung Galaxy and Apple iPhone. That's $204 annually. So, should a Verizon phone insurance customer make the maximum of three permitted claims in one year, they'll pay a total of over $950 ($204 + $249 + $249 + $249).

That's more than customers are likely to pay for coverage elsewhere.

With Upsie, for example, a subscription warranty costs just $9.99 per month.

What's more, Upsie's claims are affordable. Upsie's cracked screen repair deductible is $0, meaning that customers pay nothing when they need to repair a cracked screen. Customers pay a deductible of only $109 for other repairs and $149 for replacements. You can save hundreds of dollars by avoiding Verizon insurance and choosing Upsie instead.

High prices and limited claims aren't the only downsides to Verizon phone insurance and device protection. Several other serious limitations also exist, including the use of non-original replacement parts during repairs. In fact, this is just one of many issues reflected in thousands of online reviews for Verizon phone insurance and its underwriter, Asurion.

Customers paying hundreds of dollars per year for Verizon phone insurance are likely to expect a new replacement device if the worst happens and Verizon cannot repair the phone. The truth is, Verizon is perfectly open about the fact that they may refurbish or remanufacture replacement devices.

Worse still, they may contain non-original replacement parts, and features and various other options aren't guaranteed for replacement devices either.

Verizon's smartphone insurance and device protection services are underwritten by Asurion. Asurion also provides insurance packages for T-Mobile customers and shoppers at big-box retail stores, including Walmart, Staples, and Home Depot.

In addition, Asurion issues refurbished or remanufactured replacement smartphones. Consumers also criticize Asurion on various other fronts. Nowhere is this more apparent than in the 2,000 or more complaints currently listed on the company's Better Business Bureau page.

Many Verizon subscribers have also taken to other platforms to complain about the service, often focusing on the brand's insurance and device protection offering. As a result, Verizon is rated 'Bad' by the leading consumer review website, Trustpilot, based on over 2,100 reviews.

Ex-employees have also spoken out less than favorably, particularly regarding Verizon's phone insurance plans and coverage.

Coverage with Upsie boasts numerous benefits in terms of cost and coverage. Further perks include comprehensive protection against manufacturing defects, screen cracks, drops, and spills. In addition, Upsie also covers battery, power, touchscreen, camera, audio, Bluetooth, and Wi-Fi failures. With an Upsie warranty, users can expect:

Customers can choose from a range of Apple iPhone warranty, Samsung Galaxy warranty, and Google Pixel warranty packages, too. They all come with comprehensive accidental damage protection included as standard. Policies are also available for smartphones from brands such as HTC, Huawei, LG, Nokia, Sony, and more.

After buying a qualifying product, purchase an Upsie warranty at any time. Because Upsie doesn't have a smartphone eligibility window, you can purchase an Upsie warranty for both new and old smartphones.

Visit Upsie.com or download the Upsie app to get started.