Total Mobile Protection... not worth it?

Well, I was sold the Total Mobile Protection... sounded like such a good deal. Until I needed to use it. The $150 fee to use it,  is more than the price to have the phone repaired elsewhere. I just paid $10 a month, to basically hand more money than the repair is worth to them, so they can charge me more for the repair that is supposedly covered. I feel less confident in Verizon because of this. Anyone else have this experience? I know that it would be worth it, I suppose, if I needed a total replacement, rather than a repair. But for the most part, everything that goes wrong with my phones is repairable. Which means, the plan is worthless.

Glass is glass.  Even tempered glass can break.  It doesn't always take a lot even for tempered glass to break.  If the screen was plastic it would be prone to scratching more than breaking(Most Nokias from back in the day).
That's what you think.  If you know how electronics are figured with overhead costs you would find it's safer to sell for higher than to sell for lower.  Manufacturers set the price not the carriers.  It's similar to how console manufacturers calls the shots on pricing(They actually mark it down as a lossless product because they will make back on licensing of games).
Example.
One Plus One
vs.
HTC One
Nearly identical specs.  One you can buy right now and is available.  HTC had to spend Millions more than One Plus One for product.  At $600 there is the padding for if they don't sell 1/2 of what they made.  If they sold it close to cost and they had 1/2 left they'd be taking a loss.  They make 10M+ units instead 250K units at a time which is a lot of overhead.
One Plus understands this and buys in limited quantities and has a lower price.  However  Try and see if you can buy one right now?  You can't because they don't buy enough to produce to mass consumers.  If they don't sell well they'll take a minimal loss, but then they can't make as much sales and people get impatient.  One Plus One is the most laughed at company right now because they are doing an invite system because they can never meet demand with the way they have it.
Which system is the correct system or a better system? 
I am going to use HTC right here.  I broke an unlock HTC M7 screen.  HTC charged me $140 and I had to pay $40 shipping each way.  If I had insurance at the time I would have broke even for the most part.
Apple for a broken screen out of warranty is $199 as stated for their out of warranty repair KB flat rate unless it's an older phone(iPhone 4S or lower for example).
Sorry to say, but anything with insurance there is always a deductible or some sort.  Ironically some of them actually make you pay it upfront regardless of what happens.  Personally I have insurance due to my job.  I have had phones fall 200-300 ft and I would never see the phone again.  Sadly I have this happen often enough my boss forces me to get it.
Here's an example of some of the things I do when I am out in the field.  Keep in mind what this guy did is illegal.  He shouldn't be up there.  It's closed off for a reason, and only authorized personnel should be there.
Stairway to Heaven (Haiku Stairs - Oahu) GoPro.mov - YouTube

Similar Messages

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    The iPhone 6 preorder process wouldn't allow me to proceed without adding Total Mobile Protection for $10 a month.  How do I remove this from the preorder?

    I'm sorry, it is not required, you simply did not choose the correct radio button.
    Unfortunately, if you make any changes to your order it will likely be placed at the back of the line and you may not get your order in time to show all your friends how up to date you are on "release day". Simply leave your order as is and cancel the insurance after you receive the phone.

  • Why I am being charged for Total Mobile Protection when I never asked for it?  I just checked my bill on My Verizon and was surprised at this additional charge.

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  • Broken phone and just added Total Mobile Protection

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    How to Find a Stolen iPad
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    Apple Product Lost or Stolen
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    Oops! iForgot My New iPad On the Plane; Now What?
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    http://www.ipadastic.com/tutorials/how-to-find-your-ipad-serial-number
    iOS: How to find the serial number, IMEI, MEID, CDN, and ICCID number
    http://support.apple.com/kb/HT4061
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  • Total Equipment Protections - What a Rip!

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    DDmiTV wrote:
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