What is Purchase Protection?

Published on: 2024-10-25 10:30:00 +0100

Purchase Protection insurance protects you from financial losses in the unfortunate event of theft or accidental damage of eligible purchases.

To enjoy this feature you’ll need to be on the Pockit “Extra” or “Fast Track to Credit” membership plan. To learn more about the different plans click here.

Eligible items

• Items valued over £50 and up to £1,000.

• For mobile phones, up to £600 per phone. Second phone claim is covered up to £400 (total of £1,000 limit)

Scope of Coverage

• Theft, accidental damage, and broken screens for mobile phones are excluded.

Limit of coverage

• Up to £1,000 maximum for eligible items

Conditions of Coverage

• Eligible items are covered for 365 days after the date of purchase, with a 5% depreciation each month thereafter. 

• One claim limit per eligible item applies. 

• A refund will be provided if the mobile phone is beyond repair.