What:
Brazilian insurance startup 180° Insurance is partnering with parking app Zul+ to launch an on-demand insurance product that offers coverage for personal items left in cars parked on the street.
Why:
The product was developed in response to the current behavior of some Brazilian drivers who fear street parking due to robberies.
How:
- Once users park their car, they can purchase coverage that will remain active until they turn it off.
- The product costs around USD 9 cents an hour and the maximum payout is around USD185.
- Claims can be initiated through WhatsApp or phone.