SOURCE: Ensquared Holdings LLC

Ensquared Holdings LLC

September 14, 2012 11:24 ET

Prepaid iPhone 5 Insurance Set to Skyrocket

DELRAY BEACH, FL--(Marketwire - Sep 14, 2012) - Ensquared, the # 1 iPhone insurance authority, is expecting an avalanche of insurance demand for the new iPhone 5 -- arguably the biggest product launch in history.

Ensquared is preparing to meet customer needs by offering a prepaid option on iPhone 5 insurance. Customers waiting for their iPhone 5 can make sure that the minute it arrives it will be insured for breakage, lost or stolen. Because there is only a 30-day window from the time of ownership to get insured -- procrastination is not your friend.

"When we started offering iPhone Insurance on the 3G iPhone model, we had a difficult time convincing customers about the value of insurance. The need for iPhone 5 insurance is a no-brainer because the new iPhone 5 is way more than just a phone," said Gordon Polovin CEO of Ensquared.

Prepaid Ensquared insurance allows customers to pay in advance, the insurance kicks in once a customer confirms their iPhone's unique identification number. Ensquared suggests that purchasers take advantage of its industry leading insurance because the iPhone 5 is a marvel of engineering. From an insurer's viewpoint there is no room to repair this device, especially due to the robotic assembly of its delicate parts such as its LTE chipset, A6 processor, cameras, casing and other components.

"Since the iPhone 5 announcement, our team has been bombarded by customer enquiries from both the USA and Canada. We have never seen demand for smartphone insurance like we are experiencing at this time," added Polovin.

Carrier subsidies, now given so much publicity, should not lull us into a false sense of security. The subsidies are a once off: If you come back for another iPhone 5 it is at full replacement cost ($600 and up).

Ensquared iPhone 5 insurance is positioned to give the consumer the best cell insurance coverage available allowing for 3 incidents per two-year period with each claim having a $1000 ceiling.

Ensquared iPhone 5 insurance is underwritten by Fortegra Financial -- a NYSE listed, AM BEST rated underwriter. Global Warranty Group, operating a 24 x 7 claims center and processing operation to the whole USA and Canada, is the Ensquared claims administrator. services every state in the USA, whilst provides insurance throughout Canada. For more information visit or via Twitter @Ensquared