Mobile phone insurance - iPhone 5?

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Joined
28 Jan 2007
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1,586
Location
London
Hi everyone

My contract with T-Mobile recently became due for renewal so I opted for an iPhone 4 with unlimited calls x-network, unlimited texts and unlimited internet all for £30/month (2 year contract, friends and family half price for life through my cousin).

In hindsight I think I should have waited as the iPhone 5 is just around the corner. My question is should I take out mobile insurance and something was to happen my phone later on (damage, loss or theft), would T-Mobile send me out another iPhone 4 or would they give me an iPhone 5? And if the 5, would they charge me extra for it?

I haven't taken insurance out yet but I also have it available via my bank (Lloyds TSB) and wondering what the case would be with them too?

Thanks.
 
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