SAN FRANCISCO, Feb. 1, 2011 /PRNewswire/ -- SquareTrade, the #1 rated iPhone warranty, announced today that their popular iPhone 4 Warranty is also available for the new CDMA iPhone for the Verizon network, effective immediately.
SquareTrade's iPhone Warranty, the best alternative to overpriced iPhone Insurance, protects against drops, spills, and other common accidents, as well as all normal mechanical and electrical failures for 2 years.
Customers will have access to SquareTrade's renowned claims service, with 80% of iPhone claims being serviced in less than a day. SquareTrade's iPhone claims service has earned thousands of 5-star reviews on the iTunes App store and other review sites.
"Our research shows that one in three iPhones will fail over 2 years, mostly from accidents," notes Steve Abernethy, CEO of SquareTrade. "Our iPhone warranty gives users an affordable way to protect themselves from the cost of repair and replacement."
The 2-year iPhone warranty can be purchased for $99 from SquareTrade's website at http://www.squaretrade.com and also by downloading the "SquareTrade Warranty for iPhone" app from iTunes.
SquareTrade released a research report on smartphone failure rates in November 2010 that projected iPhone 4 owners to report a 16% failure rate within the first year of ownership, mostly due to accidental damage. The research report examined reported failures from the owners of over 50,000 smartphones.
Founded in 1999, SquareTrade offers warranties that make sense, with fair prices, no-pressure sales, and no-hassle service. It offers consumers an alternative to other overpriced and under-serviced warranties at a price point that is 40% less on average. The company boasts millions of customers who have consistently rated the warranty service 5-star reviews. SquareTrade was named one of PC Magazine's Top 100 Websites of 2010, awarded BizRate's Circle of Excellence for 2010, and is a finalist for the 2011 Stevie Award for Sales & Customer Service. SquareTrade is privately held and headquartered in San Francisco. For more information, go to www.squaretrade.com.