Verizon Contracts 2020: What You Need to Know

In 2020, Verizon has made some changes to its contract policies that consumers need to be aware of. Whether you`re a current Verizon customer or considering switching to their service, understanding the terms of their contracts is crucial. In this article, we`ll cover the key details you need to know about Verizon contracts in 2020.

No Long-Term Contracts

The biggest change in Verizon`s contract policy is the elimination of long-term contracts for their postpaid plans. In the past, customers were required to sign up for a two-year contract to receive discounted prices on devices. Now, Verizon has shifted to a month-to-month system where customers pay full price for their devices or opt for device payment plans.

While this may seem like a negative change for consumers who enjoyed discounted devices, it also means greater flexibility. Customers can now switch plans or carriers without the fear of early termination fees or having to wait for their contract to end.

Device Payment Plans

Verizon`s new policy means customers can now pay for their devices in monthly installments. These device payment plans range from 24 to 36 months, with the option to pay off the device early at any time.

The benefit of device payment plans is that customers can upgrade to a new device once they`ve paid off a certain percentage of their current device. For example, if you`ve paid off 50% of your current device, you can trade it in and upgrade to a new one without having to pay the full price of the new device.

Unlimited Plans

Verizon`s unlimited plans have also undergone some changes in their contracts. While there are still unlimited plans available, customers now have more options to choose from based on their data usage needs.

The entry-level unlimited plan, Start Unlimited, offers unlimited data at reduced speeds after 50GB of usage. The other two unlimited plans, Play More Unlimited and Do More Unlimited, offer premium data for the first 25GB and 50GB, respectively. These plans also include features such as access to Disney+, Apple Music, and more.

Conclusion

In summary, Verizon`s contract policy has shifted to a more flexible, month-to-month system with the elimination of long-term contracts. Customers can now pay for devices in monthly installments and upgrade to new devices more frequently. While the change may take some getting used to, it ultimately offers more freedom for consumers in choosing their plan and carrier.