SOMETHING FOR ALL
Imagine a cyclist insuring his bicycle. Well, we may have laughed at the notion previously, but considering the sudden emergence of crowdsourced insurance companies, it’s very much possible.
Peer-to-peer insurance offers more individuals to be insured by supporting underserved markets. It allows coverage for gigs in the collaborative economy. As most of the budding startups act as brokers, the startups for insurance carrier still remain to be forthcoming in the world of insurance. There are several corporations coming up for specialized insurance. This includes insuring pet owners to let’s say, cyclists. This means it offers to insure even those items, which no one has even thought of insuring as it simply feels ridiculous.