The iPhone Insurance swindle is still steam rolling ahead, even months after the first reports about some staff at certian iPhone outlets that use some dark and murky tricks, playing on customer insecurity’s to make them ‘sign on the line’ for what could be considered an over priced Insurance policy for their expensive new iPhone purchase.

It has been reported on various blogs and news posts on the internet that over enthusiastic phone sales staff have been mis selling iphone insurance to their customers at the same time as the customer has been signing up for a new iPhone. Comments like ‘if you want to take out insurance, then you must do it now, as you can’t do it later‘. This plays on the customers mind, making it a now or never kind of situation.

If that little trick did not get you to sign, try this one: ‘Our iPhone Insurance will cover you for everything, if you lost your iPhone, it will cost you about £600 to replace it‘. What has happened here is the sales assistant has quoted you the higher priced ‘sim free’ iPhone, rather than the o2 sim version priced in the much more realistic region of £270 (or the price you actually paid for your contract iPhone). It seems ‘some’ sales assistants may tell you about the higher priced replacement cost, surely, the only reason for this would be to shock you into signing up for the insurance there and then!

I am not saying iPhone Insurance is not worth it, as last month (August 2008) I had 7 mobile phones left in my taxi by customers, three of which were iPhones! This is clear shows that people really do loose mobiles and iPhones and figures show that millions do get damaged and stolen every year as well!

You may want to take into consideration the option that you may have of including your iPhone insurance within your house contents insurance, many home contents policies will cover electronic items like phones, iPhones, laptops as such. What you need to take into account here is that you may have a high excess fee in the event of a claim, which can be double that of the stand alone policy’s mentioned above. Another consideration is that if you claimed on your Home Contents Insurance, will this affect your no claims bonus? It is well worth checking with your insurance provider so you know just where you stand if you make a claim, as it could cost you more than the replacement value in the long run!

After you summarise all of the above, just be sure you don’t make a rash decision that could cost you more than is needed -oh, and always make sure you have your phone with you when you get out after you taxi journey!