I don’t see how phone insurance is worth the money, since you will buy many phones over your lifetime. So, you have multiple periods to average out the expected cost and benefit. This unlike say, a house, where you have only a couple of periods at most (if one house is destroyed by a tornado, it is a significant portion of your lifetime housing expenditure).
insurance makes sense with the new phone plans. if you are leasing a phone you have to return it back to the carrier when your lease is up in perfect conditions (no screen cracks, missing buttons, etc).
if the phone is in bad shape you have to replace the phone at full price. also if you lose the phone you will have to do the same at full price.
you cant just buy another phone and turn it in. thats why leasing is the dumbest thing you can do - but the phone plan prices are actually lower now than the were when phones were subsidized.
I once had a flat mate who constantly lost everything. he lost at least 1 out of his wallet, phone, keys or jacket every time he went out drinking.
Virtually every day he’d frantically run around the flat looking for something on his way out the door, inevitably late for something or other. After awhile it came out that he didn’t have a spot in the flat where he left his wallet, keys, phone etc. He just left them wherever he was and found the advice of having a spot where you put that kind of stuff to be ingenious. It’s funny the things that need to be pointed out to people.