Insurance start - up BriteCo is targeting the valuable asset market . The firm offers users a zero - deductible policy with verified appraisals and immediate replacement coverage , using price analytics and predictive modelling to assess the claims experience . Traditional homeowners and renters insurance companies do not cater for the full value of items like fine jewellery or watches , according to the insurtech firm , meaning that making a claim can lead to premium increases or cancelled payments . BriteCo recently received $ 2 m in seed funding .
Insurance start-up BriteCo is targeting the valuable items market. The firm offers users a zero-deductible policy with verified appraisals and immediate replacement coverage, using price analytics and predictive modelling to simplify the claims experience. Traditional homeowners and renters insurance policies do not cater for the full value of items like fine jewellery or watches, according to the insurtech firm, adding that making a claim can lead to premium increases or cancelled coverage. BriteCo recently received $2m in seed funding.