What:
N26, an online bank, in partnership with Simplesurance announced the launch of N26 Insurance for smartphones.
Why:
Europeans spend over €2,000 a person a year on insurance cover on average. N26 aims to radically simplify this part of customers’ financial lives, empowering them to live more confidently.
How:
- N26 customers in Europe can purchase coverage, manage policy and initiate claims for smartphone insurance straight from the N26 app to cover accident, damage and theft.
- Customers can select plans from the N26 app, with the option to purchase an annual or monthly plan with a flexible cancellation policy.
- Prices start at €6 a month, with premiums based on the original value of the smartphone.