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What gets covered with the device insurance?

Revolut provides worldwide protection for everyday accidents: drops, breakages, cracked screens, liquid damage, and out-of-warranty breakdowns.

We haven’t included loss or theft as we don’t believe it provides good value for our customers for the following reasons:

  • Apps such as Find-my-iPhone allow customers to completely lock their device, which means that genuine Loss/Theft cases are now very rare.
  • There are a lot of fraudulent claims for Loss/Theft which are hard to prevent. This means that genuine customers are forced to pay very high prices for loss/theft insurance.
  • The user experience is complex and inconvenient, with trips to a police station required.

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