SOURCE: Ensquared Holdings LLC

Ensquared Holdings LLC

August 15, 2013 08:15 ET

Ensquared Reports Unlocked Handsets Drives Growth for Cell Phone Insurance

FORT LAUDERDALE, FL--(Marketwired - Aug 15, 2013) -  Ensquared, the number one authority for Phone and Tablet insurance on the Internet, reports a recent trend emerging in the mobile space whereby consumers in the US have taken a stern approach to purchasing unlocked handsets and connecting them to SIM only type wireless plans.

The drive behind the switch from a handset combined with a wireless plan toward a plan only is because there is a significant monthly savings and the freedom to bring your own phone.

MVNOs such as Straight Talk and Metro PCS enable users to save between $50 and $80 per month but at the same time these users are able to leverage all the network features such as 4G LTE.

There bring your own handset type users are the perfect candidate for device insurance. "These consumers are smart and they understand the true replacement costs of these unlocked devices," says CEO of Ensquared Gordon Polovin. "There is hardly any convincing needed when it comes to Comprehensive Insurance unlike traditional consumers."

With many avenues to purchase unlocked handsets on the Web, Ensquared has seen a surge in Unlocked handset insurance and expect the trend will only grow in the second half of 2013.

Ensquared is a BBB-rated company offering insurance underwritten by Starr Indemnity & Liability Company. Starr Indemnity has an A.M. Best financial strength rating of A (Excellent). Global Warranty Group services all claims made through Ensquared. Follow Ensquared on Twitter @ensquared.