My reason for saying this is two fold. First, in order to have your phone covered under your home insurance you would have to include it under your scheduled property section. This requires that specifically name the phone on your home owners policy.
This is a disadvantage because if your phone is damaged through a named peril you have to make a claim against your home owners policy for personal property away from the premise. If you have an aggregate limit for your scheduled property it will eat away at it. Also, it has to be a named peril, it can't be a reason like you lost your phone. The more devastating point is that you will more than likely have to pay your deductible, which for a home is usually $1,000. You can always lower your deductible, but then you will be paying more in premium each year.
The second reason is there is cheaper insurance you can purchase for your phone either through your service provider (i.e. att, sprint, verizon) or online.
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My reason for saying this is two fold. First, in order to have your phone covered under your home insurance you would have to include it under your scheduled property section. This requires that specifically name the phone on your home owners policy.
This is a disadvantage because if your phone is damaged through a named peril you have to make a claim against your home owners policy for personal property away from the premise. If you have an aggregate limit for your scheduled property it will eat away at it. Also, it has to be a named peril, it can't be a reason like you lost your phone. The more devastating point is that you will more than likely have to pay your deductible, which for a home is usually $1,000. You can always lower your deductible, but then you will be paying more in premium each year.
The second reason is there is cheaper insurance you can purchase for your phone either through your service provider (i.e. att, sprint, verizon) or online.