The coverage is offered to the insured in the event of damage, fire, theft, accident, or other unforeseen occurrences. In the event of a lost or broken phone, mobile phone insurance protects the client against costly replacement charges. Thus, the rise in incidences of physical damage, technological damage, and theft has fueled the growth of the mobile phone insurance market. Smartphones are available in a variety of pricing ranges these days, with premium phone companies such as Apple and Samsung offering high-end models. As a result, customer protection against physical harm, technological damage, and theft is becoming increasingly important and is also driving the mobile phone insurance market globally. Due to software or hardware malfunction, one of the most serious issues that high-end phones encounter is technical damage. Furthermore, physical damage, theft, and loss of cellphones are all too common in today's world. Furthermore, pricey cellphones bind their owners to long-term financial contracts.
