Mobile insurance is facing challenges in Asia

Mobile Insurance

Mobile insurance gains attention as more consumers get smartphones and tablets Mobile technology is beginning to play a major role in the lives of people all around the world. In Asia, smartphones and tablets are becoming exceedingly valuable, partly due to the services they provide to consumers as well as the type of information these devices are beginning to store. Several Asian markets have begun showing strong favor for high-end mobile devices, especially those designed to participate in mobile commerce. These devices are not only attractive to the average consumer, of course,…

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T-Mobile may be raising insurance rates

Mobile Insurance

T-Mobile could be pushing higher insurance rates next year Insurance coverage for mobile devices is becoming increasingly common and more comprehensive, especially as more consumers come to rely on their mobile devices in their daily lives. Smart phones represent a significantly costly investment for a wide range of people and are well-loved by many because of the features they offer. Smart phones are also popular targets of theft because of the information they contain and some are notoriously fragile. T-Mobile customers may see the insurance rates for their mobile devices…

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Cell phone insurance data shows massive spending on repairs and replacements

Cell Phone Insurance

Owners of the new iPhone 5 wonder whether coverage will help protect them from high costs. The iPhone 5’s massive success in its release last week didn’t come as a surprise to anybody, but it has left the owners of these cutting edge devices wondering whether they should purchase cell phone insurance to protect them against the cost of loss, theft, or damage. Consumers spend billions repairing broken devices and on replacements and deductibles. In fact, according to the consumer electronics protection plan provider, SquareTrade’s data, since the iPhone first…

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Research shows skyrocketing fraud in smartphone insurance

Cell phone insurance

Mobile devices are proving to be a prime target for fraudsters. From full sized crime organizations to small individual scammers, the one thing that they seem to have in common is that they’ve recognized smartphones as a hot insurance scam. As mobile devices, from iPhones to tablets have progressed from chunky, heavy basic equipment to highly sophisticated and portable gadgets, unethical individuals and groups are finding them increasingly appealing for filing fraudulent claims. Insurers estimate that up to 40 percent of smartphone claims are fake. This estimate is significantly greater…

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