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T-Mobile offering phone insurance for Monthly 4G plans

Insurance for prepaid wireless phones was previously a rarity. While it’s not exactly widespread now, a few carriers have started the practice. Most notably, Boost Mobile and Virgin Mobile have added insurance options for people buying new handsets. The latest entrant is T-Mobile prepaid. They’re now offering handset insurance for Monthly 4G customers at $7 per month. That covers the basics, though a deductible — of $25, $40, $90, or $130, depending on device — will apply for each claim. It’s only available for new handset purchases, of course, and insurance must be added within 14 days of purchase. You can find out a few more details with this PDF link.

Via BerryReview.