11.30.2015

Exclusive: Three to raise handset insurance prices by 3.5 per cent

The increase will affect 380,000 customers currently taking out Three Rescue handset insurance

Three will be increasing the rate of its Three Rescue handset insurance by 3.5 per cent tomorrow (Dec 1).

Mobile News understands that around 380,000 customers currently on Three Rescue plans will be affected by the increase. Prices currently range from £2 to £12 per month. Existing customers who pay the £12 per month for Three Rescue, for example, will have to pay £12.42 per month from tomorrow. Prices for Three Rescue plans range from £2 to £12.

The Three Rescue plans for new customers will be 50p more expensive. Prices for new customers will range from £2.50 to £12.50 as of tomorrow.

The increases are due to the Government’s decision on November 1 to raise Insurance Premium Tax by 3.5 per cent.

Three began notifying all of its customers on November 1 via text message, giving them a month’s notice.

Each Rescue plan will also cover wear and tear. This is in addition to accidental, water, malicious and pet damage, alongside theft, previously covered. Anyone who has signed up to Three Rescue is also covered for any damage caused by family or friends.



original article Mobile News Online
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