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Discussion in 'New Member Introductions - Site Assistance' started by whyhighblue, Nov 8, 2011.
Trying to decide on one of them for a insurance provider on a 16gb ipad2. Any suggestions on either?
Ensquared is one of our sponsors. ^^ Check them out!
I have been using Worth Ave. Group. Prices are reasonable and they cover just about everything, including theft, flooding, immersion, fire, drops, etc. you name it.
Michael "Spam, spam, bacon, eggs and spam. Hold the bacon and eggs." Sent from my iPad 2 using iPF
We are a proud sponsor of this forum and chances are that ST or any other insurance providers are not going to be dealing with forum members online. Here is our response to your question:
SquareTrade VERSUS Ensquared on iPad 2
Lets get the equality factors out of the way first: Both are well known Internet providers of wireless protection programs; both are underwritten by reputable Underwriters: Ensquared (Fortegra) and SquareTrade (AmTrust); programs offered by SquareTrade and Ensquared are two year coverage with prepaid premiums.
SquareTrade cover iPad for: Accidental Damage and Extended Warranty only.
Ensquared have two programs: One that competes directly against SquareTrade by offering (a) Accidental Damage and Extended Warranty (b) Accidental Damage PLUS cover for Lost and Stolen
We are assuming that in making a decision Ensquared policy offering Lost & Stolen is not being considered for now (i.e. only the Accidental Damage and Extended Warranty). We also assume the device is less than 90 days old.
Premiums and Deductibles: For this program the SquareTrade Premium is $99 and there is a $0 Deductible; Ensquared Premium is slightly lower at $94.99 with a $50 deductible. However, this should be viewed in conjunction with the Claim Value (outlined below)
Claim Value: The following is where there is a significant difference:
Â· ST differentiate two iPad 2 16GB products: (a) With Wifi only - providing a total claim limit of $499 for accidental damage (b) With Wifi + 3G through Verizon or AT&T - providing $629 total claim limit for accidental damage.
Â· Understand this about the significance of a TOTAL CLAIM LIMIT: It is the claim limit allowed by SquareTrade to account for all Accidental Damage claims.
Â· This means: Claim value allowable (i.e. $629 or $499) reduces by the value of the claim each time one is lodged. Once it goes to zero no more claims can be made. NOTE: It is possible that only 1 accidental damage claim will fit into this claim limit if serious damage or replacement is required.
Â· ST extended warranty normally only kicks in after factory warranty expires (in the second year). You can use it in the second year even if the accidental damage claim limit has been used up. In other words: Coverage for accidental damage may be gone before the second year or during the second year, but will not affect your ability to claim on extended warranty (factory defect issues) with ST.
Â· Ensquared claim offer is far simpler to understand: Ensquared offers policy holders 3 claims over the two year period (should be enough for even careless iPad owners)
Â· Each claim (three maximum) comes with a claim limit of $1000 (or a total claim value of $3000).
Â· The 3-claim limit does not differentiate between Accidental Damage and Extended Warranty.
Â· The claim limit if it transpires applies to Accidental Damage only is approximately 5 - 7 times higher than SquareTrade.
Â· There is however always a $50 deductible VERSUS SquareTrade zero deductible, per claim, and Ensquared do not leave Extended Warranty open-ended.
In summary: If Accidental damage is the chief coverage requirement or concern then ST falls far short of Ensquared where the claim limit on an "oranges to oranges" comparison is far higher. This more than overcomes the negative of paying a $50 deductible on possibly all three claims with Ensquared as the cover will likely endure on Ensquared until the end of the term. On this comparative alone ST does not offer enough claims or cover value (depending on which way you look at it). If Extended Warranty is the chief coverage requirement or concern then the advantage of SquareTrade is the open-ended Extended warranty that has nothing to do with the claim limit set. In our view, all things considered, 3 claims to a maximum value of $3000 is more than enough to cover Accidental damage and Extended Warranty issues over a two year period. The policyholder is not taking a big risk that he/she can run out of claim limit (which exists with SquareTrade). This is well worth the deductible if indeed claims are made. If you require Lost & Stolen as well then of course SquareTrade are not a consideration but Ensquared is.
For more info on Ensquared visit iPad Insurance
Ok, thanks for the replys