A new insurance company is trying to break down the barriers for mobile phone owners who don’t have any of the usual coverage, or for those who do.
The company called Pure Insurance is hoping to help consumers get paid for coverage from their phones and to help mobile phone manufacturers and carriers provide their customers with cheaper, more convenient mobile phone plans.
“We’re not going to be selling a premium product to everyone, and we want to help you with that,” Pure CEO and cofounder Andrew Lee told Bloomberg Businessweek.
“When you’re not covered by the usual phone carrier, you need to go elsewhere.”
“There’s no reason why you shouldn’t be able to get your smartphone covered if you have a carrier,” he said.
“It’s all about choice.”
The Pure Insurance platform is not an insurance product.
Rather, it’s a way to make mobile insurance easier to use, cheaper, and easier to manage for consumers.
It’s based on Pure Insights, a technology company that has a background in offering insurance and payment services.
The new platform relies on a database of over a million consumers who use phones in different countries around the world.
The consumers, all over the world, have to upload their data to Pure Insenses platform, which will then process it.
Pure Insiders can use the service to check how much their insurance company charges for a particular type of coverage, which includes a coverage of phones, and for the type of phone they want to get coverage for.
The platform then uses that information to offer the most affordable plan.
“Our primary goal is to make it easier for people to make a choice for what kind of coverage they want,” Lee said.
A smartphone with a data plan is one that can be used across the country.
“There are lots of options out there,” Lee told the publication.
“If we can get people to use the right data plan, then we can be able more quickly to cover those people, and the data plan will help reduce the cost of the premiums.”
In the US, PureInsights offers plans that range from $1,500 for the cheapest plan, to $12,000 for a premium plan that covers a smartphone, tablet, or laptop.
The cheapest plan in the US costs $4,100 for a data phone, and a premium smartphone costs $13,600.
Lee said PureInsenses also provides plans for a range of services, such as mobile banking, and is looking to expand those services.
He said Pure Insumes would like to work with phone manufacturers, and with carriers.
“In the long run, we’re going to have to be the provider for all the different types of mobile services,” he told Bloomberg.
“For us, it will be about building the most convenient and effective network that people can use.”