72% of people do not buy phone cover, survey finds
The majority of UK consumers are shunning mobile phone insurance, according to a survey commissioned by Virgin Media.
The findings revealed that more than 72% of Brits don’t have mobile phone insurance, despite 70% admitting to breaking or losing up to seven phones in the last decade.
Seventy nine percent of respondents to the survey said they believed mobile insurance is unnecessary. Some are also concerned that the insurance will not meet their needs. According to Virgin, 47% of phone breakages are caused by water damage, which insurance policies may exclude.
The study also found that 64% of UK consumers won’t consider taking mobile insurance from their mobile network providers, with nearly 60% stating they feel it’s too expensive.
The survey of 1,000 people across the UK was conducted by OnePoll in May 2011.
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