Flip Insurance offers short-term, on-demand insurance policies tailored to specific activities and timeframes. This allows individuals to obtain coverage only when needed, providing affordable protection for active lifestyles.
Funding
Funding not disclosed
Founders
Product
Problem
Active individuals and sports teams face the risk of accidental injuries, leading to unexpected medical expenses and financial strain. Traditional insurance options often lack the flexibility to cover specific activities for short durations, leaving gaps in protection for active lifestyles.
Solution
Flip Insurance provides on-demand accidental injury insurance designed to cover individuals and groups during specific activities and timeframes. Policies can be activated instantly or scheduled up to 12 months in advance, offering coverage for a day, a week, or a month, without lock-in contracts or waiting periods. If an accident occurs, users can file a claim through the mobile app and receive cash payouts for eligible injuries, which can be used for medical costs, transportation, or any other expenses.
Target Audience
Flip Insurance targets active individuals, sports teams, event organizers, and businesses seeking flexible, short-term accidental injury coverage for specific activities and timeframes.
Features
- Short-term, on-demand accidental injury insurance activated via a mobile app
- Coverage available for adults and children aged 5-64
- Flexible policy durations: daily, weekly, or monthly subscriptions
- Instant activation or scheduling up to 12 months in advance
- Cash payouts for eligible accidental injuries, with claim submission via the app
- Coverage for a wide range of sports and activities, excluding motorcycling and illegal activities
- Group policies available for businesses, sports teams, and events
- Overseas coverage options in select countries