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 . InMyBag offers to replace devices such as smartphones or tablets in as little as four hours , and always within 24 , using Amazon Prime and Google ’s distribution platform . The firm is targeting both individual consumers and small and medium - sized businesses . Premiums start at £ 7.99 . The crowdfunding round will last 60 days and the funds will be used to expand InMyBag 's development and sales teams .