My home insurance is merely about 130 € per year and covers all of the accidental damage to all Apple (and all other) products in my home. Granted, the deductible is 150 €, so I'd only be able to get the screen repair of my Apple Watch down to 150 € (instead of $99), but it seems like hell of a lot better option than buying AppleCare.
In the US, the average policy is around $1,500/yr, the deductible is $500-$2,500, and your rates will go up the more claims you make -- so obviously nobody uses it for a damaged phone.
I'm baffled by how UK insurers could possibly turn a profit on insurance... if people were filing a claim for every piece of technology they owned every time they accidentally damaged something, it seems like that alone would make it unprofitable. Not even accounting for, you know, actual theft and home damage.
I feel like something's missing here but I can't tell what.
Here it's split into home insurance and contents insurance, if you rent you only require contents insurance but if you own a house you generally get both combined.
For my house (home and contents), I pay about £250 which is quite a bit higher than usual because this area had a history of flooding (before they put flood defenses) and I insure some high value items extra which increases cost.
My excess (I guess you call it a deductable) is £250.
if you open this link, give a random name, phone, email, and set place to delhi, property value to lets say 2 Crore and home contents value at 10 Lacs, which is around us $ 284,000 and that is a big big home in india. 95% cant even afford it. anyways, for this huge property value, the monthly premium comes at a mere USD $ 11/month. yeah. https://www.policybazaar.com/home-insurance-calculator/