In an effort to better serve its customers, Assurant
Solutions, a unit of
), has rolled out enhanced mobile protection coverage.
This coverage will be available for U.S. Cellular customers.
The service is named as Device Protection+. Along with giving
protection to mobile devices it will also cover other mobile
devices such as phones, tablets, modems, mobile hotspots and home
phones (fixed wireless terminals).
Device Protection+ protects the U.S. Cellular customers in
case of mobile mishaps, like accidental damage from breaks and
spills, loss, theft and mechanical or electrical breakdown to the
extent that protection will be available after the expiration of
Customers will be able to get coverage for smartphones and
tablets for $8.99 per month per device while coverage for other
phones, modems, hotspots and home phones will be available at
$6.99 per month per device.
Assurant Solutions contributed 38% to the company's earned
premium in 2012 up from 36% in 2011, and is a leader in providing
mobile protection coverage. Such initiatives further solidify its
leadership presence. Also, with sustained focus on strengthening
its portfolio and thus better serve its customers, we expect the
momentum to continue.
Assurant serves mobile customers in 16 countries, reflecting
its expanded capabilities and global footprint. The company also
has a partnership with Telefónica, a large Argentine telecom
This initiative by the company is in sync with its growth
target in domestic and international extended service contracts.
The company is making a steady progress in its mobile franchise.
In July, the company announced a fee-based relationship with
T-Mobile through the company's JUMP!TM phone upgrade program.
Assurant Solutions will be responsible for administering
mobile protection services to Jump! program subscribers against
loss, theft, accidental damage and malfunction. The company
also has relationship with
) through which it serves Boost Mobile and Virgin
Assurant currently carries a Zacks Rank #3 (Hold). Other
Eastern Insurance Holdings, Inc.
FBL Financial Group Inc.
) all with Zacks Rank #1 (Strong Buy) are worth investing.
ASSURANT INC (AIZ): Free Stock Analysis
EASTERN INSURNC (EIHI): Free Stock Analysis
FBL FINL GRP-A (FFG): Free Stock Analysis
KEMPER CORP (KMPR): Free Stock Analysis
SPRINT CORP (S): Free Stock Analysis Report
To read this article on Zacks.com click here.