According to their press release, BCAA is the first insurance company in Canada to offer mobile device insurance as an option on any new or existing home, condo, or tenant policy.
Coverage starts at $3 per month for $300 in coverage, or $6 per month for $750 in coverage. All claims are free of deductibles and do not affect annual premiums.
If your device is accidentally lost, damaged or stolen, BCAA will pay out the cost of replacing it, up to your coverage limit, regardless of your service provider. Plus, mobile device insurance will also pay for any unrecoverable downloads, like songs, games and ring tones you may have purchased and lost along with your phone.
Intrigued? BCAA’s Mobile Device Insurance can be added to any current or new BCAA home insurance policy, so look for other home insurers to follow their lead.