Mobile Phone Insurance Market Size Is Expected To Reach USD 59.97 Billion by 2028

Know More- https://www.grandviewresearch.com/industry-analysis/mobile-phone-insurance-market

Increasing incidents of accidental damage, phone thefts, virus infection, and device malfunction are expected to drive market growth over the forecast period. These incidents have impelled customers to look for ways to safeguard their mobile phones and thereby, adopt mobile phone coverage policies. Mobile phone insurance helps consumers avoid high replacement costs in case their mobile phone is lost or faces a breakdown. A mobile phone insurance policy usually covers physical damage, internal coverage failure, theft and loss protection, and virus and data protection, among others.