Americans lose 60 million cell phones a year, according to cellphone insurance provider?Asurion.? Those lost phones could add up to $30 billion in 2012, according to mobile security company?Lookout.
Just to give you an idea of how expensive replacing a lost smartphone can be, an?iPhone?can cost more than $800 to replace.
Misplacing your phone can cost you big and not just in dollars and cents. Losing personal data, like your contacts list, and having someone gain access to your financial data, such as passwords, can also carry huge consequences.
According to Asurion, most smartphone users do not realize what it costs to replace a lost or stolen device. Those who assume they can get another phone for what they originally paid are in for a big surprise.
That?s because their wireless service provider discounts the price in exchange for a long-term contract. A user already locked into a contract will likely have to pay full retail, often two or three times the initial discounted rate, to get an equivalent phone.
Fortunately, there are a number of ways to reduce or avoid being part of that $30-billion black hole of lost phones. Read more?.
Source: http://www.mint.com/blog/how-to/how-to-reduce-the-cost-of-a-lost-smartphone/
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