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Don't be "hoodwinked" when it comes to mobile phone insurance, says Biba

People who upgrade their mobile phones often don't realise that their existing mobile phone insurance will not cover their new phone, according to Peter Staddon of the British Insurance Brokers' Association (Biba). Mr Staddon urged people to be better educated when it came to their insurance policies, giving the example of mobile phone insurance, where often when people take out a policy at the point of sale, they do not realise it was specific to the original phone and might not cover a future upgrade.Mobile phone theft is a common occurrence, but according to research conducted by the protection specialist Bright Grey in July 2006, only one per cent of people said they would consider insuring their handset.Mr Staddon said: "I think it is very important because unfortunately when you look at the number of mobile phones that are stolen…you see that you do need to. "However, you need to look at what you are being offered by the retailer themselves, see what you need and what you don't need, and then look at what your insurance policy will provide you with. "Be aware that you are comparing apples and pears - find out what you are comfortable with."

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