A mobile phone network claims as many as half of people who take out mobile phone cover could be wasting their money.
Giffgaff surveyed 2,000 customers and found the majority did not realise their phone was covered by a home insurance policy. As a result, it estimated that 5.7 million people who have policies could be wasting a total of £600 million a year.
Of course, this does assume that people with separate mobile policies would definitely ditch them if they knew about the home insurance cover, which isn't necessarily the case. That's because dedicated mobile cover usually offers some additional protection, for example covering the cost of calls made by a thief as well as the handset itself. That makes it particularly important to study the terms and condition of both home and mobile policies.
The survey also found that 78 percent of people with mobile policies have not made a claim. That figure is not entirely useful as it doesn't say how long the people have had the policies.
