OTP Mobil already offers device insurance in the Simple application. The big advantage of the insurance is that it can also be taken out for a used mobile phone. The company’s latest representative research revealed that 27 percent of the Hungarian population is open to taking out insurance in the application. 

In addition to vehicle assistance insurance, OTP Mobil’s newest service, device AT&T insurance, is now available in the Simple application , which can be concluded simply with a few clicks. The device insurance service is tailored to the device : the fee calculation that appears after opening the app already includes the fee for the specific phone .

The new insurance can be linked not only to newly purchased but also to used mobile phones , if they are in good condition and suitable for running the Simple application.

More people are open to the simpler one

The device insurance, which is also available in the monthly plan, offers two packages: within the framework of the Basic package , the screen of our phone is broken , while the Extra package also provides insurance against theft .

“During the continuous development and expansion of our services, we strive to be able to respond to the real needs of the market. This is also why we considered it important to assess the needs of users when introducing our new device insurance service that can be connected to mobile phones,

our research revealed: 27 percent of the respondents are specifically looking for the opportunity to take out device insurance through a mobile application”

– said Péter Benyó, managing director of OTP Mobil.

How does insurance work?

1. In the Simple app, in the insurances menu , taking out the insurance begins with checking the device through the mobile application . This first round of testing assesses whether the device can be insured.
2. This is followed by the selection of the package : it is possible to choose between the basic and extra packages, then the deductible and the payment period are set. The insurance contract is valid for an indefinite period and can be terminated on the anniversary of the conclusion of the insurance.
3. The condition of the display is checked by wiping the screen, during which the application checks that the screen is not damaged when the insurance is taken out.
4. Enter the IMEI number , which will be included in the insurance contract.
5. Checking the status of the display by taking a screenshot.
6. Entering personal data .
7. Finally, acceptance of the statement .
8. Payment with a bank card issued by any bank.

Breakage and theft protection insurance is required

The research revealed that 36 percent of the population makes the conclusion of the extended warranty dependent on the purchased product in the case of technical items, and it also pointed out that 59 percent of those who have at least an occasional inclination would take out insurance over the phone .

The research also covered how often we change our devices. 56 percent of the respondents buy a new phone every 2-3 years, which is why it is also important that insurances linked to used phones are also available on the market.

According to the representative survey, it is important for the Hungarian population that their device insurance covers breakage (47 percent), but they also consider theft protection (41 percent) and that monthly payments are available (37 percent) important.