New models of iPhone push up gadget insurance claims

Tue, 09 Mar 2010

Fans of Apple gadgets are committing insurance fraud in a move to upgrade their iPhones to the latest model, according to a UK insurer .

Supercover Insurance said claims for iPhones will typically rise by 50 per cent during the month in a which a new model is released. It says that four out of 10 claims made during such a period were fraudulent. The company stated that some people deliberately damaged their phone to ensure they received an upgrade to the latest iPhone model.

Supercover director, Carmi Korin, said: "While most customers take out insurance because they value their iPhone, we started to notice increases in claims as new and upgraded iPhones were launched. For short periods around new model or upgrade launches, claims for lost, stolen or damaged iPhones go through the roof."

The firm reports the iPhone is the fastest growing type of insurance cover within the gadgets sector in the UK. It believes nearly 60 per cent of iPhone owners are more likely to take out cover than other mobile phone users.
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