Verizon Wireless offers comprehensive insurance for phones and accessories, including insurance for accidental damage. As of 2015, Verizon provides total mobile protection, total equipment coverage, Asurion Wireless phone protection and extended warranty insurance options.
Purchasing phone insurance, which is optional, varies in price depending on the level of coverage. Insurance plans provide new or refurbished replacements if covered equipment is lost, stolen or damaged. To receive replacement equipment, the insurance claim must be filed according to the terms and conditions outlined in the insurance contract. Also, each plan contains an annual claim limit and maximum dollar amount. Verizon Wireless operates the largest 4G LTE network in the United States.