It wasnt meant literally, but the principal is the same. You get nothing for insurance payments, they always find a way out of it. Hence only having it on something thats a legal requirement.
Ive had mobiles for 16 years and never paid a single insurance in that time. Never lost one or broke one, maybe im just careful, but in my book if i had been paying 10 quid a month for all that time im about £2000 better off now. By my reckoning thats 4 iphones![]()
To be fair, I think you are just one of the lucky ones. I've had phones stolen and broken so the £7 it cost me saved me a hell of a lot of money in the 6 years I've had a contract. 2 years of that thye gave me the insurance for free so I've only paid 4 years @ £7 - £336. I think I had ot use it 3 times, so effectively I'm in profit.