Ensuring that only legitimate devices get insured

Know the device exists. Know that it works. Know that it is what the user thinks it is, before your client insures it.

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Challenges in the Device Insurance Market

Device insurers can face significant challenges when insurance quotes are sought for devices which are already damaged, not in possession of the user, non-authentic, or the device is not what the user thinks it is. This can lead to incorrect premiums being issued and an increase in the number of fraudulent claims made.

DeviceAssure answers the unanswered questions:

Is the device in the end user’s possession?

It can be difficult to know whether a device exists and if it’s in possession of the user, unless that user can verify it using the device in question.

DeviceAssure enables insurers to identify the exact device that a user is requesting a quote for. This is easily done by prompting the user to visit a designated landing page using the device to be insured, which DeviceAssure verifies in the background.

Is the device what the end user thinks it is?

It can be challenging for a typical user to know the exact name of their device. Is it a Samsung Galaxy S20 or S21? That can affect the premium but the user might not be sure of the exact model name when seeking a quote.

Using the designated landing page for the user to Confirm their device will remove any uncertainty Over what the exact model is.

Does the device work?

Accidents happen, devices are damaged, etc. But as a prospective insurer, you need to know whether that has happened before the device has been insured.

If the user is unable to visit your landing page with the Device they want insured, then it might not be working. DeviceAssure enables you to validate whether or not this is the case.

Is the device authentic?

Very convincing clones & counterfeit devices can, Whether inadvertently or otherwise, be easily bought online or in person. This may result in phones that are Inauthentic being potentially insured.

DeviceAssure will validate the authenticity of devices via its quick online check, enabling a decision to be made as to whether or not to provide the insurance quote.