This month saw the release of the new apple iPhone 4s, the newest technology in mobile communication and entertainment. With mobile phones like the iPhone 4 and other smart phones being worth more than five hundred pounds, the motivation that gang members and criminals have to steal a mobile phone has never been so high. The Metropolitan Police have reported that around 10,000 mobile phones are stolen each month. This incredibly high rate of theft is down to the fact that these expensive phones are very small, making them a perfect financial target for criminals.

Obvious Tips which are commonly ignored.

"Keep your phone secure in a bag or handbag if you are not using it and try to use your phone's security lock code. Also take a note of the ESN (electronic serial number and the phone’s IMEI number. If possible, mark your mobile with address and postcode and, importantly, let the police know as soon as your phone is lost or stolen."

• The Met Police.

There are also a number of things to avoid doing. For example, make sure you don’t attract unwanted attention to your mobile phone as you enter and leave public places like pubs and clubs. Don’t leave your phone in your car unattended and if you do, make sure it is locked away and out of sight.

Taking these safeguards should reduce the risk of theft, but won't provide you with compensation in case your mobile phone is stolen, lost or accidentally damaged. It is possible, however, to insure your mobile phone and receive compensation for any damage, theft and airtime abuse.

The Great Benefits of Mobile Phone Insurance

Many phone protection policies will provide you with a variety of different benefits. Below are just some of the benefits of investing in mobile phone insurance.

• If your phone is used by someone else then you are covered for up to £1,000 for unauthorised calls.

• Swift replacement of your mobile phone within a number of days.

• Wherever you are in the world your phone can be protected.

• In the case of your phone breaking, many insurance policies will fix the problem.

• Police approved databases make your odds of being reunited with your phone (and contents like photos, music and contact details) much greater.

In conclusion, risk to losing or having your mobile phone can be minimalized with simple common sense. However with criminals always finding new methods of claiming your phone, it is also to invest in mobile phone insurance also.