Description: This article is going to be talking about the features of the Chase Ink Preferred card and if the phone protection is reliable.
For most Fargo, they have different deductibles and also different roles, but now I’m going to dive into how it works.
What you need to do is to pay your phone bill with the chase Inc preferred card coverage a day after you made the payment, coverage is until the last day of the following month after your payment. As long as you keep paying your bill of the card, then you’re going to be covered; if you suspend payment, then you will not be covered. Don’t rely on this benefit because it doesn’t have a high return rate like other cards.
One thing to consider is that it is supplemental, so if you have any other benefits or insurance of your cell phone provider or with home insurance or renters insurance, then those have to be used first.
Here we’re talking about when you lose the phone or when it mysteriously disappears, if there’s no wrongdoing by another party, they can’t help you. Phones that are lost or damaged when it’s under to care and control of a common carrier, let the US Post Office or an airplane phone stolen from your baggage, unless you hand carried it and it’s under your personal supervision or a friend of yours, phones that are rented least are borrowed from the cellphone company.
There is something important to consider which is you need to buy the phone’s outright. If you’re someone who pays $20 per month for the phone, then you will not be eligible for this benefit. Cosmetic damage that doesn’t affect the ability to use the phone or any other functionality is also not covered, if it’s mis-delivered, it’s also not covered. The final two exclusions are cell phones that are not purchased from a major provider or from an authorized cell phone dealer.
Given all of these rules, there are two groups: the first group is if you accidentally break your phone, given all the exclusions that we talked about; the second group is if you get robbed or theft. So it breaks down to two different sides: the first side is if someone tries to mug you and the second side is if someone breaks into your car.
If you want to make you claim for either of these theft, you’re going to need a police report, so it’s something to consider because this covers more. If it’s due to theft or criminal action, you need to file a police report within 48 hours of the incident, on the other hand if it is damaged what they want to see is a repair quote, because they give you the lower amount.
So for example, you bought a phone for $600 and the repair cost $500, then they’re going to give you $500 after deductible. But if on the other hand your phone cost $500 and the repairs cost a $1,000, then they’re going to give you the lower amount depending on the phone you’re buying.
If you are someone who’s buying an iPhone, you probably going to rely on Apple care because you don’t have a $600 cap. If you’re someone who buys cheaper phones and you’re going to get the maximum value, so it’s either going to be the cost of repair or it’s going to be the whole phone.
If it’s less than $600, you’re not losing to any value. But I’m in a weird spot since I buy two cheaper phones, this is bad for me because if something does happen I’m losing a thousand-dollar phone and I’m getting back $600 after paying $100 meaning that I’m only getting back $500.