Samsung Care+ members could soon opt for theft and loss insurance coverage

Samsung may soon bring an option for theft and loss insurance coverage to its Care+ service for an additional cost. Currently, the company's premium after-sales insurance plan only covers accidental damage such as cracked screens and drops.

This is according to strings of code uncovered in a teardown of the Samsung Shop app’s APK file, thanks to the folks over at XDA Developers. The teardown revealed that Samsung may soon allow Care+ members to add coverage for theft and toss to their insurance subscription in the future. The coverage will be billed on a monthly basis for 36 months or until the customer cancels it.

Here's what the strings from the Samsung Shop APK say:

Samsung Care+ with Theft and Loss Subscription: Insurance coverage for loss, theft, and damage. Service contract coverage for accidental damage from handling (ADH) and out of warranty mechanical breakdowns. $99 – $269 insurance deductibles and $29 – $99 service fees apply. Maximum of three (3) insurance claims within any consecutive 12-month period, with replacement product value maximum of $2,500 per claim. Maximum of three (3) ADH claims within any consecutive 12-month period. Claims may be fulfilled with a new or refurbished product. You may cancel your optional coverage at any time and receive a prorated refund. Program coverage contains binding arbitration (express state exemptions may apply; please see your program terms and conditions).

At present, Care+ fees vary by device, with tiers ranging from $3.99 to $11.99 per month. It's not exactly clear, though, how much the total insurance coverage will cost when the theft and loss option is added.

There's no word as well on when this will be launched. XDA Developers speculates that the additional coverage may be introduced sometime during the holiday season.

Source: XDA Developers

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