The service can be turned on and off to suit the lifestyle and needs of the watch owner
SINGAPORE, September 22, 2022 /PRNewswire/ — KoverNow, an insurance company specializing in digitally-enabled insurance coverage, has announced a new service specifically designed to fully insure luxury watches on-demand, only as needed, for overseas travel, special occasions where a expensive watch is required to be worn, or similar requirements.
In response to the growing popularity of collectors and owners of high-end and designer watches in Singaporeand the increasing number of thefts abroad, KoverNow offers short-term insurance coverage for customers who travel or only wear their valuable timepieces on special occasions without the need for a 12-month policy.
Insurance can be activated if needed and deactivated once the watch is safely stored again using the KoverNow mobile app. The premiums to be paid are calculated based on the current market value of the watch and are recalculated every 30 days. Should a customer lose or damage his watch during the insurance period, he will be reimbursed exactly the value that was last calculated.
To use KoverNow, all you have to do is download the app onto a smartphone. Customers can then enter the details of their items or entire collection to be insured into KoverNow’s free vault. This provides an instant market value as well as the insurance premium. There are no brokers involved and no paperwork. Simply turn on insurance to set up coverage.
Stephen Kaiser, CEO of KoverNow, said: “Many of our users keep their valuables safe most of the time, but when traveling or attending an important event they want the flexibility of insurance that can only take effect for a few days or weeks instead of a fixed annual rule. The new policy, available on our fully digital platform, enables this, offering competitive premiums and ultimately complete flexibility.”
The KoverNow app is designed to quickly, accurately, and securely insure high-value items such as watches, jewelry, cameras, and designer handbags. It downloads in seconds, is easy to manage, and provides reviews based on reputable, market-tested data.
To access the new service, please go to: https://kovernow.com/watch/
KoverNow is headquartered in Singaporefocuses on its core markets in Asia Pacific. The company’s digitally-enabled insurance platform dramatically improves the customer journey for purchasing and managing various types of personal insurance by streamlining processes and accelerating renewals, approvals and claims. The KoverNow platform can deliver these efficiencies while providing transparency, speed, and value to existing ecosystems, channel partners, and policyholders. KoverNow’s insurance platform offers features and functionality that reflect changing consumer behavior that prefers control, flexibility and convenience in a truly mobile format.