What You Need To Know About Verizon Warranty Insurance Plans?

When it comes to protecting your devices, Verizon offers a variety of plans. With these plans, you can get the coverage you need to repair or replace your device in case of an accident, theft, or other mishap.

What Verizon Insurance Offer?

Let’s take a look at what Verizon insurance has to offer :-

  • Verizon Protect

Verizon Protect is an all-encompassing service that covers up to three lines. With this plan, you get unlimited cracked screen repairs, next-day device replacement if your phone is lost or stolen, and 24/7 technical support.

You also get discounts on select accessories and access to the Verizon Cloud for secure storage of your data and photos. Plus, there are discounts on select in-home services from technicians such as home security and automation professionals.

  • Total Mobile Protection

Total Mobile Protection is another option offered by Verizon phone insurance claim for customers who want extra protection for their devices.

This plan covers up to 10 lines and includes features like cracked screen repairs, next-day device replacement if your phone is lost or stolen, access to the Verizon Cloud for secure storage of data and photos, Tech Coach Support for all types of technical issues on any device, and discounts on select in-home services from technicians such as home security professionals.

This plan also includes up to two replacements per year with no deductible if your device has been lost or stolen, damaged beyond repair due to liquid contact or mechanical breakdowns (such as broken buttons).

  • Extended Warranty

The Extended Warranty plan provides coverage against mechanical breakdowns after the manufacturer’s warranty expires.

This plan covers up to five lines per account and includes both parts and labor costs in the event that something goes wrong with your device after the manufacturer’s warranty expires. It also includes 24/7 tech support via text message and discounted accessories when purchasing online through My Verizon.

Does Verizon Insurance Cover Lost Phones?

Losing your phone can be a stressful and inconvenient experience. Not only do you have to worry about someone else getting access to your personal information, but you also have to replace the device itself.

Verizon phone insurance claim

Thankfully, if you’re a Verizon customer, there are options available to help make this process easier. Let’s take a look at how Verizon insurance works and what you can do if you’ve lost your phone.

  • Verizon Insurance

Verizon phone insurance claim offers device protection plans that cover devices for theft, accidental damage, and loss. These plans cost an additional fee each month and come with a deductible when filing a claim for replacement or repair of the device.

The deductible amount varies depending on the type of phone being insured. However, one of the primary benefits of enrolling in Verizon’s protection plan is that it covers lost phones as well as stolen ones.

  • Filing A Claim With Verizon

If you’ve lost your phone and are enrolled in Verizon’s device protection plan, then filing a claim is relatively straightforward. You can go online or call their customer service line to begin the claims process and get an understanding of what needs to be done next.

In addition, they may be able to provide some helpful tips on how to recover or replace your lost phone as quickly as possible so that you can get back up and running with minimal downtime.

  • Lost Vs Stolen Phones

It is important to note that there is a difference between lost and stolen phones when it comes to coverage under Verizon’s device protection plans. If your phone was stolen from you, then it must be reported immediately in order for the coverage from the insurance policy to take effect.

However, if your phone was simply misplaced or left somewhere by accident, then no action needs to be taken other than filing a claim with Verizon for insurance coverage once it has been determined that the device cannot be recovered on its own.

This means that even if you know exactly where your phone is located but cannot retrieve it yourself (for example, if it was accidentally locked away in someone else’s house), then you may still be eligible for coverage under their insurance policy provided all other requirements have been met (i.e., enrollment in the protection plan).

Understanding Verizon Phone Replacement Insurance

Accidents can happen at any time and when they do, they can be expensive. Replacing a phone can be an expensive process, especially if you have a high-end device. Fortunately, there are ways to mitigate the financial burden of these accidents.

Keep reading to know why it is an important investment for your device.

What is Verizon Phone Replacement Insurance?

Verizon phone replacement insurance is an optional protection plan that covers damage or loss due to accidental events such as drops, spills, liquid damage, theft, and more. This insurance plan also covers mechanical and electrical breakdowns outside of the manufacturer’s warranty period.

It even covers certain types of software malfunctions such as viruses or other malicious code that may cause your device to not work properly.

When Do I Need Replacement Insurance?

It’s important to note that this type of insurance isn’t necessary for everyone; it depends on how often you use your device and what kind of activities you do with it.

If you’re someone who takes their phone out of the house often or uses it heavily (such as playing games), then purchasing a Verizon insured phone replacement policy may be a good idea in case something unexpected happens.

On the other hand, if you rarely take your phone out of the house and use it primarily for calls and text messages only, then this type of policy may not be necessary for you.

How Does It Work?

If something does happen to your device where it needs to be replaced or repaired, all you have to do is contact Verizon customer service. They will provide instructions on what steps need to be taken next in order to get your device taken care of as quickly as possible.

This includes instructions on how to file a claim online or over the phone so that you can receive a Verizon insured phone replacement or repair for your device quickly and easily without any hassle.

What To Know About Verizon Phone Insurance Deductible?

Verizon offers a phone insurance plan that covers accidental damage, breakdowns, theft, and loss. This plan includes coverage for Verizon phone insurance cracked screen, water damage, and mechanical or electrical failures. The monthly cost for this coverage varies depending on the device you select. For example, basic phones cost $9/month while smartphones range from $11-13/month.

If something happens to your device and a repair is needed, there’s a deductible required to get it fixed. The amount of the deductible depends on the device type and model chosen at enrollment.

Generally speaking, basic phones have deductibles between $50-100 while smartphone deductibles are usually between $99-199. It’s important to note that the Verizon’s phone insurance deductible must be paid before repairs can be completed.

However once paid, all parts and labor associated with repairs are covered by Verizon’s phone insurance plan.

In addition to accidental damage protection, this plan also includes coverage for lost or stolen devices as long as a police report has been filed (within 48 hours of theft) and all payments due on the device have been made in full prior to filing a claim.

If approved, customers will receive a replacement device shipped out within two business days after filing a claim; however they will be responsible for paying any applicable deductibles which may vary based on their device model selection when enrolling in the program.


For those looking for extra peace of mind when it comes to their mobile devices, Verizon insurance offers a variety of insurance plans ranging from basic coverage (Verizon Protect) all the way up to extended warranties (Extended Warranty).

No matter which option you choose, you can be sure that your devices will be taken care of should something happen down the line. By taking advantage of one of these plans today you can rest easy knowing that whatever life throws at you—your devices will be safe!

Frequently Asked Questions

Are there any drawbacks to having Verizon phone insurance?

One potential drawback is that if you make a claim, you may be required to turn in your damaged phone and may not be able to use it for a period of time until your new phone arrives.

Another potential drawback is that the insurance may not cover all types of damage. For example, if your phone is stolen, Verizon’s insurance policy may only reimburse you for the purchase price of the phone, not for any sentimental value you may have placed on it.

How do I cancel my Verizon phone insurance?

To cancel your Verizon phone insurance claim, you’ll need to call Verizon customer service and speak to a representative. The process may vary depending on your plan, so be sure to have your account information handy when you call.

Generally, you’ll need to provide your account number and the cell phone number that’s associated with the policy. You may also be asked to provide a reason for cancelling.

Is Verizon phone insurance worth it?

Generally, no. Verizon’s phone insurance is expensive and most people are better off not buying it. Most cell phone carriers offer insurance plans that are much less expensive than Verizon’s, and they usually cover more damage. For example, AT&T’s plan costs $6 per month and covers water damage, theft, loss, and damage.

Verizon’s plan costs $11 per month and only covers water damage and theft. So if you’re not likely to need coverage for other types of damage (like a cracked screen), you’re better off going with a different carrier’s plan.

How much does Verizon phone insurance cost?

There are different plans, but the most common one costs $11 per month. The plan covers up to two claims per year, with a maximum reimbursement of $600 per claim. So if you have a $700 phone and something happens to it, you would only be able to get $100 from the insurance company.

How long does it take to get a replacement phone through Verizon phone insurance?

If you have an iPhone, it will take about 5-7 business days to get a replacement phone. If you have an Android phone, it will take about 10-12 business days to get a replacement phone.

Keep in mind that these are just estimates, and the actual time it takes to receive your replacement phone may vary depending on the specific situation. For example, if your phone is damaged beyond repair, or if you need to order a new phone because you lost your old one, then it may take longer than the estimated timeframe listed above.

About Author
Kevin M Edwards is an investing writer who join Govt Grants Help in 2021. He covers a wide variety of investing topics including mutual funds , cryptocurrency and financial advice. His work has been featured in The New York Times , The Washington Post , Yahoo finance and MarketWatch.

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