Devices Deductible

Device protection deductibles refer to the amount of money that a policyholder must pay out of pocket before their device protection coverage begins. In other words, a deductible is the amount of money that the policyholder must pay before the insurance company will start to pay for any covered losses related to their device.

For example, if a policyholder has a $50 deductible and their cell phone is damaged and needs to be repaired, the policyholder would be responsible for paying the first $50 of the repair costs, and the insurance company would pay the remaining costs.
Device protection deductibles are usually set by the policyholder at the time they purchase their insurance policy. The higher the deductible, the lower the monthly or annual premium payments will be. This is because the policyholder is taking on more of the risk, so the insurance company does not have to charge as much to cover that risk.
Device protection is becoming an increasingly popular add-on for many types of devices such as:

1) Cell phones: Many phone manufacturers and wireless carriers offer device protection plans for cell phones, which typically cover damage, loss, and theft. Deductibles for these plans can range from $50 to $200 or more, depending on the type of phone and the level of coverage.

2) Computers: Many computer manufacturers and retailers offer device protection plans for laptops and tablets, which typically cover damage, loss, and theft. Deductibles for these plans can range from $50 to $200 or more, depending on the type of device and the level of coverage.

3) Household items: Some insurance companies also offer device protection for household items such as appliances, electronics, and smart home devices. Deductibles for these plans can range from $50 to $200 or more, depending on the type of device and the level of coverage.