Cartage is a carpooling insurance platform that provides daily coverage for vehicle sharing, ensuring that vehicle owners are protected from financial liabilities when lending their cars. By complementing existing auto insurance, Cartage eliminates potential costs associated with accidents that occur while a non-owner is driving, offering peace of mind for both owners and borrowers.
Funding
$542.3K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
When lending a car, the vehicle owner's existing auto insurance policy may not fully cover potential financial liabilities if an accident occurs while someone else is driving. This can lead to unexpected out-of-pocket expenses for deductibles, increased premiums, or uncovered damages.
Solution
Cartage provides on-demand, supplemental insurance coverage designed specifically for car sharing. By complementing the owner's primary auto insurance, Cartage eliminates potential costs associated with accidents that occur when a non-owner is driving. The solution offers a short-term policy that covers deductibles, excess liability, and potential impacts on the owner's bonus-malus rating. Cartage's coverage extends to young drivers without additional fees, removing the surcharges often imposed by traditional insurers. Policies can be purchased in minutes via a mobile app or website, providing peace of mind for both vehicle owners and borrowers.
Target Audience
Cartage targets individuals who occasionally lend their cars to friends, family, or neighbors, as well as those borrowing a vehicle from someone they know. The service also caters to companies and communities looking to implement car sharing programs.
Features
- Daily insurance policies specifically designed for car sharing
- Coverage for deductibles, excess liability, and bonus-malus impacts up to €6,000
- Policies available for young drivers without additional surcharges
- Instant online or in-app purchase in under 2 minutes
- Claims can be filed online with support from the Cartage team
- Digital policy documents delivered via email
- Reimbursement for covered expenses