Coverd
Device and IoT insurance for high-tech personal electronics, available online with no commitment
Overview
Coverd is a device and IoT insurance MGA based in Paris that distributes coverage for personal electronics and connected devices directly to consumers in France. The company targets a gap in standard personal lines: dedicated, digital-first protection for high-tech products such as smartphones, laptops, tablets, smartwatches, and personal mobility devices that traditional insurers do not cover in a focused way.
Programs run on a month-to-month subscription model with no deductible and unlimited claims per year. Coverage applies up to a ceiling of three times the device value. Eligible devices include new, refurbished, used, and rented units, provided they are under five years old and in good condition at the time of subscription.
Coverd sells through its own direct digital channel and through embedded distribution partnerships with French fintech platforms, including an integration with Lydia, a payment and money-management application. The company also appears on French insurance comparison platforms, including Meilleurtaux, to reach price-sensitive online consumers.
Products & Services
Personal Device Insurance
Insurance for personal electronic devices including smartphones, laptops, tablets, and smartwatches. Covers accidental breakage and screen damage, theft, water damage and oxidation, and mechanical failure. Applies to new, refurbished, used, and rented units up to five years old.
Key Features
- Accidental breakage and screen damage
- Theft
- Water damage and oxidation
- Mechanical failure
- Unlimited claims per year, no deductible
Target Users: Individual consumers in France
Distribution: Direct-to-consumer website; embedded integrations with fintech platforms
Mobility Device Insurance
Coverage for personal electric mobility devices, including electric bicycles and electric scooters. Reflects the growth of personal electric mobility in urban markets.
Key Features
- Electric bicycle coverage
- Electric scooter coverage
Target Users: Urban consumers using electric bikes and scooters
Distribution: Direct-to-consumer digital platform