Quote:
Originally Posted by rorytmeadows
I love when people hack their phones like hell and populate them with warez then want to claim they are morally responsible when it comes to fees and replacement phones.
All the providers and insurance companies know about this stuff, it's nothing new. It would be extremely naive to think that everyone is telling the truth about what happened to their phone when they need a replacement.
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Exactly, thats how they come up with the premium, if they thought they were losing money, they would raise the premium.
It's all free money to them, if a million dollars in premiums comes in a month and only a quarter of a mil in new phones goes out, thats all profit. Keep in mind they pay a lot less for the phones and they took their profit off the top when they sold you the phone.
They dont offer insurance beause they want you to be a happier customer, they offer it because it makes money.
it's different for automotive insurance, if you crash your car, burn it and call it in stolen, thats insurance fraud because they couldve fixed the car and the insurance is structured differently for each type of claim.
if the phone insurance was going to reapir the phone or give you a check in the amount of the cost of a new screen and labor for htc to fix it, then that would be different. But premiums are based on the fact that all settlements are going to be replacements, so it doesnt matter what happens to the phone, theres only one outcome, a replacement.
Even if the other phone was perfectly fine and not cracked, it still wouldn't matter because thats what you pay the premium for, to get a phone when you want one. but everytime you claim a hpone, you risk not being able to get one the next time.