We’re working on a property and casualty insurance product built from first principles on mobile for millennials. Our product takes in a picture of property you want to insure, and connects you with a network of brokerages across the US & Canada to fulfill the requests. Soon we’ll be binding insurance ourselves.
Depending on the geography, 80-90% of all insurance transactions end up getting bound over the phone, it only makes sense that they start there.
Happy to take any questions. Thanks y’all!
Sounds good if I did not already have insurance. But I do have insurance. Multiple policies, some of which are practically free after the multi-policy discounts you get when working with a single broker. And my broker is local, easy to deal with, will drop by if I need him.
I do like the ease of adding a new big ticket item via mobile, but I don't need the middleman, and don't want competing offers from a network of brokers.
Maybe I'm just not the target market. But I suspect there are more people like me who would get a better deal with my current broker vs. a new policy on a single item with a new broker.
> Cover connects you with an insurance brokerage in your area best suited to insuring that piece of property.
I want to send you a picture, you quote me a price and I pay. If I have to talk to someone else, you've totally lost my interest - I can go talk to an insurance broker myself.
Side question: How many penis pictures have you gotten?
Great idea. Using mobile to reduce friction and risk will dramatically grow the insurance market.
I wonder how many dick pics they get a day
I used to share office space with a different Cover (paywithcover.com), and they were occasionally confused for any one of several other Cover brands (coverscreen.com, madewithcover.com, readcover.com, etc). Seems like the "Cover" space is a little tricky for that reason.