When Does Smartphone Insurance Pay Off?

It's a millennial's most prized possession. Yet, they are also the most irresponsible compared to other generations when it comes to caring for their smartphone, according to a survey by insurance company Protect Your Bubble. The president of the Financial Planning Association, Ed Gjertsen II, said consumers, in general, are careless about how they treat such a valuable device and, as is the case with his own teenage children, "they throw it in their backpacks and all over the place."