Verizon Wireless Android Phone Insurance is a Ripoff

In late April or early May I found out that I was wasting money on phone insurance from Verizon Wireless for no good reason when a Whirlpool washing machine destroyed my smartphone. After confirming with Verizon that my phone was covered by the insurance policy that I was paying $5 a month for I discovered that I would still have to buy a new phone for $90. They said that the payment was to cover the deductible, but when I buy insurance for a product I expect it to be replaced in full no matter how unconscionable the service agreement I have better things to do than read is. If I spend nearly $200 on a phone full of features I don't need or want and lose it 7 or 8 months later I expect to get a new one for free. I might be the kind of guy who would claim to have lost it to collect the insurance money if I had thought of it, but Verizon thought ahead me before I even realized what they were thinking ahead of, so they required me to send my phone back to prove that Whirlpool's washer destroyed it. Even then they refused to replace it as implied when I let the salesman at the store convince me to buy it just so that I wouldn't have to listen to that douchebag anymore.

Now if I payed $40 over that period it might not match the retail price of the phone, but it sure as hell exceeds the manufacturing cost of such a device made in China for the benefit of the Communist Party. Obviously I was ripped off by Verizon Wireless when I paid money to insure a phone that they still charged more money to replace despite collecting enough from my insurance payments to cover replacement costs and for what? To support a company that has been and will always be linked to the Communist Party? Some company they are.