Some carriers are using third party insurance companies with an even more ridiculous deductible structure. You now may have to pay anywhere from $50 minimum to $150 maximum depending on the value of the phone you purchased. It's actually amazing what you find out when you read the fine print of those insurance brochures.
Did you know? Not only are the insurance companies not required to send you the same phone you purchased, but they can now send you a ?refurbished? one! That is completely unacceptable if you ask me.
I prefer to create my own insurance plan. After I get my phone I immediately put the $50 I would have to pay for the deductible in my desk drawer. Then I simply add the $5.00 a month the insurance company would have charged me to the kitty. This way if I am able to keep my phone in good shape for at least 9 months, I will have saved myself a total of $45 in monthly fees, combine that with my original $50, I would easily be able to purchase the latest version of my phone instead of relying on the insurance company sending me a 4-6 month old (possible refurbished) phone.
Another bonus to creating your own insurance program is that if you are able to keep your phone until you qualify for an upgrade you will probably have an extra $140 to $170 to go towards the phone that has all of the bells and whistles you can't live without.
Maybe the new Treo 700? ;)