Stay Connected has no enrollment fees and no minimum number of subscriber program requirements. Providers of the Stay Connected program sell the service, on average, to 25% of their cellular customers, bringing in a steady recurring-fee income, says Great American. The Stay Connected program gives rural telecommunications providers an alternative to self-insured plans and “club programs.”
Enrolled customers receive a repaired or comparable replacement cell phone for their lost, stolen or damaged cell phones. Coverage features include unlimited number of claims; highest dollar limit for claims of any cell phone insurance plan; coverage effective immediately upon binding; additional annual limit of $1,500 for unauthorized calls from a stolen insured phone; coverage available for broad array of devices; flat $50 deductible per claim regardless of the type of phone; and covered cost of shipping to and from repair center.
“The Stay Connected program helps providers manage their risks, while generating recurring fee income and extending a high degree of customer service to subscribers in the event of a claim,” says Peter Elliott, president of Telcom Insurance Group.
