Home

Share this Story

Verizon is Dropping Prices on Equipment Protection Plans

Verizon is apparently on quite the policy changing mission these days.  First we had news of their upgrade policy, then it was return changes, rebate removals, and now this.  As of February 1st, equipment protection plans will be changing and in a good way from what we’re seeing.  Total Equipment Coveage (TEC) will be dropping from $7.99 down to $6.99, plus Wireless Phone Protection (WPP) will now be $5.18, which is down from $6.00.  Their tablet plans appear to be unchanged even with the Motorola XOOM on the way, but for those of us looking to grab a Thunderbolt, this is good news.

Verizon also plans to hold an “open enrollment” of sorts for those already locked into one of these plans.  A timeline for that event will be communicated at a later date.

Cheers V!

  • http://bit.ly/9q5tuE Almighty1

    My TEC is $5.99 when I upgraded from the Motorola E815 to the Droid 1 as they seem to have grandfathered the TEC prices except I need to pay the new current deductible amounts.

  • guest.

    best part of this whole article and comment section is that you all dont know what the pricing is on the iphone…

  • Niemeyer2010

    :O! 1 whole dollar?!

  • Coaster36

    This is for the insurance right?

    Youll post when the open enrollment comes around right? RIGHT KELLEX?!

  • http://twitter.com/jdrch Judah Richardson

    Equipment protection plans are a waste of money if you take good care of your devices. In 10 years of cellphone ownership I’ve lost a handset all of once. This means that had I purchased a protection plan under current pricing, I’d have paid $840 in coverage for something that cost me <$300 to replace.

    OTOH, if you frequently get blacked out or tend to leave your phone all over the place like many of my friends, this is the ticket for you! Fools and their money …

  • Anonymous

    The title of this posting is misleading. Yes, they’re dropping prices on equipment coverage for smartphones but they’re RAISING them on regular phones because it’s going to be the same price for both regular phones and smartphones. TEC for regular phones is going up for $4.49 to $6.99 and WPP is going up from $4.49 to $5.18. EW is staying the same for regular phones, $1.99.

    Here is a link to their current prices.
    http://support.vzw.com/clc/features/calling_features/equipment_protection.html

  • Anonymous

    The title of this posting is misleading. Yes, they’re dropping prices on equipment coverage for smartphones but they’re RAISING them on regular phones because it’s going to be the same price for both regular phones and smartphones. TEC for regular phones is going up for $4.49 to $6.99 and WPP is going up from $4.49 to $5.18. EW is staying the same for regular phones, $1.99.

    Here is a link to their current prices.
    http://support.vzw.com/clc/features/calling_features/equipment_protection.html

  • Anonymous

    The title of this posting is misleading. Yes, they’re dropping prices on equipment coverage for smartphones but they’re RAISING them on regular phones because it’s going to be the same price for both regular phones and smartphones. TEC for regular phones is going up for $4.49 to $6.99 and WPP is going up from $4.49 to $5.18. EW is staying the same for regular phones, $1.99.

    Here is a link to their current prices.
    http://support.vzw.com/clc/features/calling_features/equipment_protection.html

    • http://perpetualn00b.tumblr.com quiklives

      The deductibles are an issue, but seeing as how this is a blog about smartphones, saying that the prices were reduced is certainly accurate and relevant to the subject matter at hand.

  • Anonymous

    My question is, if you buy a tablet, but don’t continue the tablet data plan (Verizon only offers month-to-month for tablets), will they still bill you for insurance, or is coverage dropped all together? Actually wondered this for a while.

  • Anonymous

    My question is, if you buy a tablet, but don’t continue the tablet data plan (Verizon only offers month-to-month for tablets), will they still bill you for insurance, or is coverage dropped all together? Actually wondered this for a while.

  • Anonymous

    My question is, if you buy a tablet, but don’t continue the tablet data plan (Verizon only offers month-to-month for tablets), will they still bill you for insurance, or is coverage dropped all together? Actually wondered this for a while.

  • http://www.google.com/profiles/107430353005607798966 KiriusKris

    Wow…. I didn’t think a post like this would bring out so much negative feedback…

  • http://www.facebook.com/mobrienjr Michael OBrien

    oh wait…yall are getting screwed….right now I pay $7.99 a month for the TEC, which at that time included the extended warranty. From that screen shot, and forgive me if I am wrong, they also add on another $1.81 for the extended warranty when it is paired up with the TEC. So lets see how this all calculates out. Right now I pay 7.99, new format to get the same coverage that I have now, I would pay 6.99 + 1.81, which comes out to be 81 cents more expensive per month. Does anybody agree/disagree with me.

    Found this out though….at month 13, they do not charge you for a replacement phone if you have the TEC.

    http://support.vzw.com/information/device_replacement_program.html

    Sorry this post is long, but here another link to the current TEC, and a copy of it.
    “Extended Warranty* provides convenient coverage against mechanical or electrical defects after the manufacturer’s warranty expires. You will receive a Certified Like-New Replacement of the same or comparable model. The monthly cost is $1.99 per device. Verizon Wireless Extended Warranty is part of the Total Equipment Coverage bundle or sold separately”

    http://support.vzw.com/clc/features/calling_features/equipment_protection.html

    So yea, I conclude that we are getting screwed out of 81 cents a month. May not be much, but hey if they do that to 90 million people every month that sure does add up quick.

    • Anonymous

      Michael, you misunderstood the picture. You’ll be paying $6.99 for TEC not $6.99 + $1.81. The $1.81 price for EW clearly says “when purchased as part of TEC”. So if you take $5.18 price for EPP and add the $1.81 price for EW, you arrive at the $6.99 price for TEC. Remember the information in that picture was for employees not customers so they’re explaining what codes to use to add the appropriate features to customer accounts.

      • http://www.facebook.com/mobrienjr Michael OBrien

        Thank you for clearing that up…for a second their I was thinking wow, they are really getting one over on everybody. Still the insurance plan is pretty awesome. I did not know until I did the research that at 13+ months you do not pay for your replacement phones. The deductible only lasts for 12 months.

        • Anonymous

          No problem. Glad I could help. Notice that the deductible says “lost, stolen or damage claims” so you’ll always pay the deductible when you use WPP like when you break the phone, drop it in water, etc. The EW coverage has no deductible so if the phone simply stops working and there is no damage to it, then Verizon will replace it for free.

  • Trex

    Verizon Wireless is not an insurance company they did not make these changes! Get your facts straight droid life

    • Endisky

      The prices are determined by Verizon though. Assurion is the company that provides the coverage for each of the major cell providers BUT they charge VZ, ATT, etc a certain rate that gets negotiated, then the wireless providers MARK UP that service to make a profit, they are not the middle man just to be nice!

  • Quesomunster

    You misspelled the word “coverage” lol

  • fartbubbler

    ooh, a dollar. Sure makes up for the way Big Red will assrape us on the 4G data plans.

    • fartbubbler

      ^
      sorry about the language, it wasn’t intended to offend.

    • http://www.facebook.com/mobrienjr Michael OBrien

      oh trust me, they aint getting any extra money.

    • Anonymous

      No doubt, just like they did for the 4G modem plans. Dropping the monthly by $10 for the same usage limits as their 3G plans. Bastards.

  • http://twitter.com/JasonAGrier Jason A. Grier

    cheaper insurance is always welcome!

  • Anonymous

    yay a higher deductible!!!!!

    • http://www.facebook.com/people/Omar-Arteaga/100000475154562 Omar Arteaga

      I’m sure that my current deductible is $75