Beans being spilt. The first expensive phone, a Samsung, I did buy a policy for as it was around £500 outright. The cost was £3 or £5 a month? some time back so can't be clear but now I add it to my home insurance which is usually FREE!
Bearing in mind some of us do work in situations less favorable to expensive equipment getting damaged compared to say a civil servant.
Important as you say to take stock, if your expensive iphone 6 or what ever gets totaled you probably do have last years model at home in a box to fall back on so your world won't crumble over night although it maybe socially unacceptable to be seen out with last years model so you may have to find new friends Ha Ha.
I watched 2 iphones, those made of glass get destroyed in the same week as one owner or should that be ex owner swished their coat over their shoulder and it slid out of the pocket and smashed and another when the ex owner did that bar of soap juggling act as they new the result was coming only seconds later.
I really wonder at people who buy phones made from glass, guess they are the ones who should pay more for insurance as the rest of us are not that silly.