Another strategy lose your phone is when it gets damaged. As you rush through your errands, your phone could easily slip from your hands, drop to the bottom and get damaged beyond repair. This can be really heartbreaking especially if you have just bought your mobile phone. It took you months to save up for that phone as well as it gets damaged exactly like that. In this kind of situation, you can protect yourself through iphone insurance. If your phone has insurance then you can just grab it replaced by the insurance company if it gets wounded.