Qover launches new theft and damage insurance for e-bikes

Digital insurance provider Qover has launched a new theft and damage insurance policy through new partnership with electric bike designer Cowboy.

Cowboy, which is based in Belgian, designs electronic bikes for urban riders. The company already has security measures for their bikes with an onboard GPS to ensure the owner knows where it is.

Another feature of the bike is that they can conduct remote diagnostics to assess the health of the vehicle. This helps insurance claims as no pictures are needed.

The companies have released two new protection policies for customers. The Easy Rider Standard package insures a bike against theft. If their vehicle is stolen, to make a claim they simply have to photograph the police report and fill out a form on the Cowboy app. After this, they will receive a voucher to get a new bike.

Its second policy is the Easy Rider Plus package which protects the bike in the event of vandalism or a crash, as well as from theft. The plan also gives consumers faster access to customer support.

Both of the packages give the bike owner a real-time notification as soon as the bike moves, and they are not near it.

Qover CEO Quentin Colmant said, “From the get-go, it was clear that Cowboy needed a 100% vertically integrated insurance. To make it happen, a cross-functional Qover squad, from insurance specialists to developers, worked closely with the Cowboy team. The result is Easy Rider and Easy Rider Plus, an insurance experience worthy of a multiple Red-Dot-Award winner.”

Earlier in the year, Qover secured an €8m investment round to support its European development plans.

Copyright © 2019 FinTech Global

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