McDonough Applauds Legislation Expanding Insurance Coverage for Personal Cell Phones

Assemblyman Dave McDonough (R,C,I-Merrick) is pleased to announce that Assembly Bill 4672 has been signed into law. The bill, which McDonough has strongly advocated for, will offer New Yorkers a new, less-expensive way to obtain insurance protection for their cell phones through their credit card, debit card or checking account. Previously, state law did not allow credit or debit card issuers and banks to insure their customers' wireless communication devices from damage, loss or theft.

“In our modern world cell phones have become a necessary and essential part of both personal and professional interactions,” said McDonough. “Unfortunately, the cost of repairing or replacing these devices is often astronomical. This legislation gives New Yorkers an affordable, alternative way to obtain coverage and protect their cell phones from an unexpected loss. Further, this new method of coverage will allow New Yorkers to obtain protection for free or at a reduced rate with their credit card, debit card and checking account.”

The legislation, signed by the governor, amends the state insurance law to expand the coverage that a credit card issuer, debit card issuer or bank may offer to their customers. The law specifically authorizes coverage to protect cell phones and other wireless communication equipment if they are damaged, lost, stolen or incur a breakdown.