The camps are fiercely divided on whether purchasing cell phone insurance is an outright scam or a “smart” choice.

Picture this…

You just purchased the latest android powered 4G cell phone and you’re thinking, “Life is good!” Just as your sale rep finishes activating your phone she mentions that smart shoppers protect their investments by adding insurance to their plans. A moment of indecision sweeps over you. You know the replacement cost for your new toy is just over $500 bucks.

What would you do?