iphone 4 just announced.

[Blueface]

Originally Posted by andpeo23

Hey guys, here's a heads up -

I just listed my iPhone 4 on my renters insurance for $14 a YEAR! It includes all risk coverage (loss, theft, water damage, breakage, etc) and doesn't have a deductible. Much better than other plans costing A LOT more and have steep deductibles. I'm with Encompass.

Being in the insurance claims business for over 28 years, I honestly would not recommend this.
Your phone is something you can easily lose or damage. Once this happens, you file a claim. Claims can cause your renter's policy to be cancelled if occur within certain time frames of their underwriting guidelines of frequency guidelines or type of loss guidelines.
Next thing you know, you are being dropped and shopping for new insurance.
Use your renter's or homeowner's insurance for what it was intended for and get a policy for your phone elsewhere.

Take it from a wise old man in this business.