Insurance companies are not supposed to profit off of a claim, yet that is exactly what Asurion is doing. Do not use Asurion for your insurance. There is a reason why they force you to have it. Pay the phone off ASAP and cancel the Asurion coverage. Next, put the same amount into a savings account each month. The cost of small repairs for phones does not justify the need to pay them for more than a few months. It's not a house, it's not a car, it's a phone. My S21  Ultra was stolen a few days ago.  I had insurance with Asurion for nearly 3 years for that phone and had never made a claim until it was stolen while on vacation. So I paid them for nearly 3 years to insure the phone and they want me to pay over $270 for a PRE Owned/Used replacement when I can buy a brand new one, sealed in the box for $298. For the amount I paid Asurion over the years, I could have easily purchased a much newer phone and certainly not a PRE Owned one. Insurance companies are not supposed to profit off of a claim, yet that is exactly what Asurion is doing. Why is Asurion charging me nearly DOUBLE the cost of a used replacement phone? That's not how insurance is supposed to work. If a tree fell on my car, would my insurance company ask me to pay double the cost of the car to replace it? Of course not!