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…

Read More

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…

Read More

Mobile commerce in the insurance industry is about to take off

Mobile Commerce

Ensquared is prepared for an explosion of smartphone adoption and online shopping. Leading smartphone and iPhone insurance authority, Ensquared, has announced the results of its latest customer and industry data analysis and has announced that American mobile commerce will truly be taking off within the upcoming two to five years. As a result, they also say that tablet and cell phone insurance will also skyrocket. Though the United States is never a world leader in terms of mobile commerce and devices, it is about to take on a leadership role…

Read More