Coverd offers fully online insurance for electronic devices, including bicycles, smartphones, and scooters, protecting against theft and damage. The service ensures rapid claims processing with reimbursements within 24 hours, while also providing maintenance and recycling options to promote sustainability.
Funding
$3.5M 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
Individuals face the risk of damage or theft of their electronic devices, including smartphones, bicycles, and scooters, leading to unexpected repair or replacement costs. Traditional insurance options may be cumbersome, slow to process claims, and lack comprehensive coverage for these specific items.
Solution
Coverd provides fully online insurance specifically designed for electronic devices, offering protection against theft and accidental damage. The service focuses on simplicity and speed, providing a streamlined claims process with reimbursements issued rapidly. In addition to financial protection, Coverd promotes sustainability by offering maintenance, reconditioning, and recycling options for insured devices, extending their lifespan and reducing electronic waste. The company aims to provide a hassle-free experience, ensuring customers can quickly and easily protect their valuable electronics.
Target Audience
Coverd's primary customers are individuals who own electronic devices, such as smartphones, bicycles, and scooters, and seek comprehensive and convenient insurance coverage against theft and damage.
Features
- 100% online insurance management, from obtaining a quote to filing a claim.
- Coverage for a range of electronic devices, including smartphones, electric scooters, bicycles, and high-tech gadgets.
- Rapid claims processing with reimbursements within 24 hours of claim approval.
- International coverage, protecting devices both at home and while traveling.
- Access to a network of certified repair partners, ensuring quality service and preserving manufacturer warranties.
- Options for device maintenance, reconditioning, and recycling to promote sustainability.
- Real-time claim tracking and 24-hour customer support.
- Instant money transfer.