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Message below was included w/my current bill. What exactly does this mean? Does this mean I no longer need insurance for my phone?
IMPORTANT NOTICE ABOUT DEVICE REPLACEMENT
OPTIONS
Beginning April 1, 2010, Verizon Wireless will offer for purchase Certified
Pre-Owned devices to replace a defective device after the
manufacturer's warranty has expired, or (ii) a stolen, lost or damaged
device. This option replaces the Certified Like-New Replacement and
one-year device pricing options referenced in the Your Guide, Business
Guide, Small Business Guide and Equipment Protection Programs
brochures and at verizonwireless.com. This does not change any
equipment protection program or protection for electrical or mechanical
failure during the manufacturer's warranty period.
If you are not enrolled in an equipment protection program, please call
1-877-880-6204 no later than April 30, 2010 to discuss your limited
time options to enroll in Wireless Phone Protection, Extended Warranty
and/or Total Equipment Coverage. Certain restrictions apply.
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What it means is if your phone becomes defective,damaged, lost/stolen after the one year manufacturer's warranty has expired, you will be able to purchase a Certified Pre-Owned device. That has nothing to do with current insurance you have on your account.
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It seems tho that I would no longer need insurance on my phone. With the insurance if phone is lost, stolen, broken I have to pay $50 to get a phone. So why not cancel the insurance and if any of the above happens, just buy the cert pre-owned phone? Essentially the same thing?