KoverNow launches watch insurance for one-time trips or occasional use and other news

Published by
Peter Kavinsky

The service can be turned on and off according to the lifestyle and needs of watch owners.

SINGAPORE, September 21, 2022 /PRNewswire/ — KoverNow, an insurance company specializing in digital coverage, has announced a new service specifically designed to fully insure luxury watches on demand, only as needed, for travel abroad, special occasions when expensive watches are worn or similar requirements.

Responding to the growing popularity of collectors and owners of expensive and designer watches in Singaporeas well as the rising cases of theft abroad, KoverNow offers short-term insurance for customers who travel or wear their precious watch only on special occasions, without the need for a twelve-month policy.

The insurance can be activated as needed and deactivated once the watch is safely stored again using the KoverNow mobile app. The premiums paid will be calculated based on the current market value of the watch and will be recalculated every 30 days. If the customer loses or damages his watch during the insurance period, he will receive exactly the value that was last calculated.

Using KoverNow is just a matter of downloading the app to your smartphone. Customers can then enter details of their items or complete collection to be insured into KoverNow’s free vault. This provides an immediate market value as well as a premium for providing coverage. No intermediaries and paperwork. Just turn on the insurance to ensure protection.

Stefan Kaiser, CEO of KoverNow, said: “Many of our users store their valuables in secure storage most of the time, but if they are traveling or attending an important event, they need flexible insurance that can take effect for just a few days or weeks rather than fixed annual arrangement. The new policy, available on our all-digital platform, allows us to do this while providing competitive markups and ultimately full flexibility.”

The KoverNow app is designed to provide fast, accurate and reliable insurance for valuables including watches, jewelry, cameras and designer bags. It can be downloaded in seconds, is easy to manage, and provides estimates based on authoritative, market-verified data.

To access the new service, follow the link: https://kovernow.com/watch/

About KoverNow

KoverNow is headquartered in Singaporecentered around its core markets in Asian-Pacific area. The company’s digital insurance platform greatly simplifies the process of purchasing and managing various types of personal insurance by streamlining processes, accelerating renewals, approvals and claims. The KoverNow platform can achieve these efficiency gains while delivering transparency, speed, and value to existing ecosystems, trading partners, and policyholders. The KoverNow insurance platform delivers features and capabilities that reflect changing consumer behavior that promotes control, flexibility and convenience in a truly mobile format.

Logo — https://mma.prnewswire.com/media/1678008/KoverNow_Logo.jpg


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