Mmm, mobile phone insurance. Funny old thing, in the 2 decades plus that I’ve owned mobile phones, of which there have been many, I’ve never once lost one, dropped one to the point of destroying it or had one stolen. And yet, there appear to be plenty of people who claim this happens fairly regularly to them
You just know, that some Monzo customers will sign up just for the tacky metal card I mean, really? The hooray Henry’s flashing their bling, ahh, where exactly? pubs closed etc. Or perhaps they’ll pretend that they’re ‘Oddjob’ and hurl it across a room to see it it will cut through brickwork
Banks need to make money, so I guess if Monzo gets a few of it’s most loyal Monzonites to sign up to this package, with little prospect of a great deal of travel at the moment, or they have plenty of people with a healthyish balance so they can make a teeny weeny bit of interest on it, then fair play. Oh and of course, those that seem susceptible to something terrible happening to their phone, may well benefit from the insurance.
I would like to point out, I do pay for the Nationwide packaged account, but to be fair, pre-covid, the travel insurance aspect on mine and 'er indoors 3 or 4 long haul holidays a year, seemed good value. Shame they decided to alter the cover to basically negate Advanced Open Water divers and above from dipping below 18 metres thereby forcing me to take out separate dive insurance cover. Never used the breakdown aspect and neither of us have ever had a mobile phone claim