Phone Insurance Worth Calculator

Phone Insurance Worth Calculator helps Compare two everyday planning options using upfront cost, recurring cost, and time horizon assumptions.

Insurance typeDevice price

KRW

Expected loss or theft count

Net saving

₩73,050

Total premium

₩127,200

Expected payout

₩200,250

Verdict

가입 유리

carrier

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Phone insurance worth calculator guide

This English page translates the Korean phone-insurance worth calculator and calls calculatePhoneInsuranceWorth. It preserves carrier insurance, Samsung Care Plus, AppleCare+, custom plans, deductibles, loss coverage, claim limits, expected incidents, expected value, and verdict thresholds.

Preset coverage structure

The Korean source includes 2026-style presets. Carrier insurance uses about KRW 5,300 monthly premium with rate-style damage deductible and loss coverage. Samsung Care Plus uses about KRW 8,900 with a damage deductible rate and loss terms. AppleCare+ uses about KRW 9,900 with fixed screen and other-damage deductibles and no Korea loss-theft coverage in the preset.

Custom coverage can change premium, months, deductible type, damage deductible rate, minimum deductible, fixed deductible, loss deductible, loss limit, and claim count. The English page feeds those fields into the same pure function.

Expected incident model

The calculation compares total premium plus covered deductibles plus uncovered incidents against the no-insurance full repair or replacement cost. It separately tracks screen damage, other damage, and loss or theft.

Expected value is calculated from annual damage probability, annual loss probability, coverage months, repair costs, replacement cost, and payout. The verdict compares net saving with a threshold of 10% of total premium.

Reading the verdict

A favorable verdict means expected insurance payout meaningfully exceeds premium and deductibles under the modeled incidents. An unfavorable verdict means the same expected incidents would cost less without insurance.

Real outcomes depend on exact plan terms, phone model, depreciation, repair center pricing, claim review, loss documentation, and whether damage is covered. Check the insurer terms before relying on the estimate.