ZOMM Blog

Thursday, April 19th, 2012

How Much Does it Cost to Lose a Smartphone?

60 million. That’s the number of phones lost, stolen or damaged each year. If you’re lucky, you’ve never had to deal with the headaches, costs and general frustrations that come with losing a phone. To most people, losing a phone is worse than losing their keys, wallet or car. And when you break down what all replacing a lost phone entails, it makes a lot of sense.

lost smartphone
While the total costs to replace your phone will depend upon the type and the carrier you utilize, it’s not just the money that you have to worry about. Often times our smartphones hold business contacts, bank passwords and even photo galleries. So on top of the nearly $900 dollars it would take to replace an iPhone, you’ve lost valuable contacts, information and memories.

Jeanette Pavini, contributor at Market Watch, shared a story about one of her readers:

“Her iPhone was stolen while she was on public transit. She didn’t have phone insurance, her renter’s insurance didn’t cover the loss, and she was told if she canceled her phone contract, she would be liable for a hefty early termination fee. In the end, she paid a small fortune and learned a big lesson.”

 The lesson learned? Don’t lose your phone! Stories like these are exactly why Laurie and our team created the Wireless Leash—so no one would ever have to deal with the pain and struggle of replacing a lost phone. With our Wireless Leash you can make a one-time investment that will protect your phone time after time.

Have you ever lost your phone? What things did you have to deal with to replace it? Share your story by leaving a comment!

 

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