There are Recycle Mobile Phones also available.As soon as any such mishap occurs
, all you need to do is contact the mobile phone insurance company and get the handset repaired or replaced whatever is applicable.There is one more worry that any mobile phone user has in case of handset gets lost, these are the fraudulent calls. What if the person having your lost phone is making calls and the bill come to you. So to provide safety, as soon as your handset is reported to be lost the network provider blocks all calls.But if somehow some calls are made then the insurance provider refunds all that comes in the bill of the phone.