Credit card phone insurance is available for phones and other devices. The coverage depends on the card issuer and the cap will vary. Some cards offer unlimited coverage. Others may have a cap for lost or stolen phones. If you have lost or stolen a phone, it is important to have proof of the theft or damage to your phone to receive the insurance payout.
For more information, check out the terms and conditions of Wells Fargo credit card phone insurance. This insurance covers your cellular phone in the event of an accident and applies to all personal credit cards issued by Wells Fargo. The limits vary by issuer but generally apply to cell phones. Wells Fargo’s Cash Wise Visa (r) card offers supplemental coverage for cell phones up to $600. The policy also covers rental cars and has a $250 deductible per claim.
Some people prefer to purchase their phones with a different bank, like AMEX, and then pay their phone bills with their Wells Fargo credit card. Some Wells Fargo credit cards offer phone insurance that covers up to $600 in cell phone damage. This coverage comes with a $25 deductible. The policy also includes an automatic recurring payment feature. While you do not need to make this payment to access the coverage, it can help you save money.
You also need to have a police report or phone statement before you file a claim. If your phone was stolen or lost, you will need to submit a claim form within 90 days of the theft or damage. In addition to cell phone insurance, the Chase Ink Business Preferred credit card offers other benefits such as purchase protection, extended warranty, price protection, and return protection. The card also provides access to Chase Ultimate Rewards points. If you want to use your phone for business purposes, the phone coverage will cover all costs related to your phone, including the deductible. The Chase Ink Business Preferred credit card offers cell phone insurance coverage for eligible employees. You can only file three claims in a twelve-month period.