Worth Ave. Group, an electronics insurance provider, launched an insurance scheme for the soon- to- be released iPhone (News - Alert) 5 and the company claimed that the provisions it has included in the plan will encourage customers to buy the iPhone 5 insurance.
Studies have revealed that 35 percent of all electronic users face damage to their devices within the first year of use and the insurance scheme from Worth Ave. Group covers common iPhone problems such as theft, water damage, or cracked screens and also includes cost-effective protection.
In case of any damage to the newly bought iPhone 5, users need not shell out $500 or more to replace the damaged phone with a new one, but make use of the Worth Ave. Group’s insurance to pay just a $50 deductible.
“Buyers should strongly consider purchasing insurance before they buy their new iPhone. These devices are so valuable not only because they're expensive, but also because they connect the user to their social circle and in many cases help them to work more efficiently. Buying this phone is an investment of time and money, and our insurance is a smart way to protect that investment. I would advise consumers to have insurance in place the second they pick up their shiny new iPhone, so if something unfortunate does happen even moments after they leave the store they are still protected”, said Aaron Cooper (News - Alert), Worth Ave. Group marketing director, in a statement.
The company added that it already has an insurance plan for the iPhone 4 that is designed to protect iPhones whether it has been dropped or stolen, or damaged by liquid, including submersion. Insurance buyers are covered for an entire year for the policy limit which their iPhone insurance purchases.
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Edited by Brooke Neuman