Assurant provides specialty insurance products, including mobile device protection plans sold through wireless carriers and retailers, along with lender-placed homeowners insurance and other niche insurance products. Its mobile device protection business insures smartphones and other devices against damage, loss and theft, a product typically sold at the point of purchase through partnerships with wireless carriers and device retailers rather than through traditional insurance distribution channels. Assurant's lender-placed insurance covers homes when a homeowner's own insurance coverage lapses, protecting the mortgage lender's collateral interest in the property, a specialized insurance niche tied to the mortgage servicing industry. The company's revenue depends on maintaining partnerships with wireless carriers, retailers and mortgage servicers who distribute its specialty insurance products, along with claims experience across its various specialty insurance lines.