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Cell phones are getting more expensive as they get more powerful, meaning we’re carrying around a good chunk of cash every day.
Most people are pretty hard on their phone. They fall out of our pockets, get wet, and get stepped on.
No one wants to pay extra for unnecessary insurance, so keep in mind credit cards like the Chase Ink Business Preferred Credit Card and the Wells Fargo Propel American Express® Card , which offer cell phone insurance coverage as an included benefit.

For many of us, our cell phones are one of the most expensive things we own – and also something that we carry almost everywhere we go. This combination means that breaking one or having one stolen at some point is highly likely – and a significant financial blow.
While credit card purchase protection can cover a new phone for the first few months, they often only work if the phone is purchased all at once instead of with installment payments, and doesn’t provide any protection once that 60, 90, or 120 day period ends. Homeowners’ or renters’ insurance may cover theft, but not accidental damage, and often have high…

https://www.greenwichtime.com/technology/businessinsider/article/A-150-000-person-study-of-credit-card-and-cell-13174404.php