What is the difference between a local and global warranty?

What is the difference between insurance and warranty?

• hi i recenlty bought a phone with tmobile. they said it comes with a warranty. but then asked me to buy a insurance too that costs around 6$ a month... what is the difference between insurance and warranty here......

• Answer:

  In this case, a warranty is free (included with the phone), but insurance costs extra. The insurance may or may not be worth it - it depends on what it gives you that the warranty does not. Usually all the warranty covers is if the phone breaks during normal use - so if you lose the phone, or drop the phone, the warranty won't help. So... if the insurance will replace your phone if you lose it, or drop it, and you tend to lose or drop phones, then the insurance is probably worth it. But read the fine print, often there are a lot of "gotchas" with the insurance that mean it won't always pay off when you want it to.