CoverCompared, already known as PolkaCover, recently announced a partnership with Protect4Less. Most of CoverCompared’s partners currently work in crypto, health, travel, and life insurance. Thus, a partnership with Protect4Less, which offers protection against laptops, phones, tablets, etc., is a unique event.
Names like Arch Re, AXA, Swiss Re, and several others back Protect4Less’s insurance solutions. CoverCompared has already broken several restrictions fixed in the insurance sector. The latest partnership will also help the venture expand its service offerings, covering people across the globe.
Protect4Less is an unconventional protection service provider, catering to everyone and anyone. The service provider aims to create a global brand with values offering affordability, convenience, and flexibility. Here is an overview of the damage covered by Protect4Less Device Protection:
- Electrical or mechanical failures
- Forced entry resulting in theft
- Accidental damage
Protect4Less provides device protection in more than 32 different nations, including many MEA regions. In addition, the collaboration will offer CoverCompared users the capability to purchase electronic device insurance via crypto.
At the same time, Protect4Less users will also gain wide market coverage and visibility by being incorporated into the CoverCompared marketplace. However, this is not it, as the collaboration will also optimise user experiences and services. Moreover, it will also add a new range of policies to the ventures.
It includes an AI-based claim management mechanism that ensures submitted claims are instantly dealt with. With digitization at its peak, crypto is becoming more established in the currency market. As a result, it increases the need to build a gateway for added safety on investments, making ventures like CoverCompared the way to the future.
As the first DeFi insurance marketplace for crypto framework, CoverCompared will definitely add value to the market and Protect4Less community.