How does Worth Ave. Group iPhone insurance make money?

David H

New member
Hi guys,

Sorry if I'm misunderstanding this. It sounds like with the Worth Ave. Group iPhone insurance, it would be very easy for people to take advantage of the way it's set up. If I don't lose/damage the phone, I don't buy insurance, whereas as soon as something happens to the phone, I pay the 80 bucks or so to get the insurance and get it replaced.

Furthermore, if I paid only 300 bucks to upgrade the phone, would WAG still give me the full amount (say 600 bucks) of the non-upgrade price?

Thanks for everyone's help.
 
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