 TITLE: Do You Need Cellphone Insurance? CONTENT: How Does Cellphone Insurance Work?\n----------------------------------\nYou may be able to buy cellphone insurance or protection plans through phone manufacturers, wireless carriers, insurance companies, retailers and other third-party providers. Insurance options tend to work in similar ways. Typically, you'll:\n*   **Pay a monthly premium** for the coverage, or prepay for a longer period.\n*   **Be covered for incidents** that may include accidental damage (even water damage), battery failure, theft and loss.\n*   **File a claim** after a covered incident. The insurance company may have a technician fix the phone, reimburse you for repair costs or ship you a replacement.\n*   **Pay a deductible for each claim**, which can depend on your insurance plan, phone and the type of incident. Deductibles could be up to several hundred dollars.\nAs you're considering your options, it's important to look at how each plan differs. For example, some options don't cover loss and theft, and many plans limit how many claims you can file. Also, you likely have your own unique coverage needs. Maybe you tend to drop your phone a lot, for instance, so you prioritize coverage for damage over a plan that has robust loss and theft coverage. END