Optus’ New Mobile Insurance Offer: Pros And Cons

Optus has revamped its insurance offering, replacing what was previously a messy system with a flat-rate $13 a month deal — but there are still some catches. Here’s what you need to know.

The new Yes Cover package costs $13 a month. It doesn’t require a contract itself — you can drop the cover at any time — but you can only purchase it if you sign up for a new contract phone, and at the beginning of the contract. (After signing up, there’s a 19-day cooling-off period if you decide you don’t need it.)

If your phone has to be replaced because of damage, you’ll pay a $50 excess. If it’s lost or stolen, you’ll pay $150. You’re also covered for up to $600 in excess usage before you report the phone. Optus says it will replace phones within 1-2 business days, and there are

So is it worth it? Our standard advice is not to buy contract phones anyway, because you can do better with prepaid. If you’re going on contract anyway, $156 a year isn’t terrible relative to the cost of a new phone.


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