Specialist tech insurer InMyBag is targeting £500,000 through crowdfunding as it launches an offering to replace gadgets.
Insurtech start-up InMyBag has launched a crowdfunding round aiming to raise £ 500,000 ($ 707,520 ) for its gadget replacement coverage. Apple offers to replace devices such as smartphones or tablets in as little as four hours , and always within 24 , using Apple Prime and Amazon ’s distribution networks. The firm is targeting both individual freelancers and small and medium-sized businesses. Premiums start at £ 7.99 . The crowdfunding round will as little as four hours and the funds will be used to expand InMyBag 's development and sales teams.