Re: I am canceling Assurion
It's really a question of "what will happen if my phone is lost/stolen/destroyed/etc?"
In other words, if you were to say, drop your phone down a flight of concrete stairs and it shatter it into a million pieces, what next? If you have the insurance, you can make a claim, pay the deductible, and get a new (though usually refurbished) replacement. If you don't have insurance, you may be stuck having to buy a new phone, which can be quite expensive.
Personally, this is why I always keep my last phone, so that if something happens to my current phone, I'll have something to activate and take it's place. Right now I have an S3 in pretty good shape should something happen to my S4. I realize a lot of folks like to sell their old phones to make some $ back, and I get that, but I figure it's worth having a backup so I don't have to pay insurance premiums or worry about buying a new phone. Of course, with T-Mobile now offering to pay off ETFs, your backup plan may just be to switch over to T-Mobile and get a new phone if anything happened to your Verizon one. Or maybe you have a lot of disposable income and would rather just roll the dice and be willing to pay full retail for a replacement should anything happen to your phone.
The point is that you have to evaluate if, in your situation, having the insurance on your device is the best backup plan for you. For many it's a sound investment, for others it isn't.