Hi! Wondering if anyone has had a similar issue to this. I upgraded my iPhone in February and like most normal people am paying off the balance of the handset in monthly installments along with my service charges. My phone was stolen last week and when I tried to make a claim under renter's insurance they told me that they would only pay out my insurable interest in the device, i.e. what I have paid off so far, around $40 (my deductible is $250). Obviously I did not proceed with the claim. Maybe I'm wrong but this strikes me as especially shady. If my house that I have a mortgage on burns down, do I only receive what I paid off my 30-year mortgage so far? I am still liable to the phone company for $700 so it's not as if they even retain an insurable interest in the device. Any thoughts/comments appreciated -- just trying to wrap my head around this. Thanks!