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$1M of on-demand drone liability insurance from $10 an hour

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Property insurance by photo

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After digging into this story, we felt it bore coverage for our readers because it represents an important technology innovation in the insurtech category. Cover is a new insurance app that enables users to take a photo of the items they want covered on their mobile devices and receive a quote on those from multiple carriers in less than 30 seconds.
Applying for homeowner's insurance should be as easy as waving your phone camera around your room. That's the premise behind Cover, an app that recommends insurance based on what's photographed in your home. Whether it's electronics, jewelry or even your pet, Cover will cover just about anything.
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Insurance built on top of A.I for social good.

Hedvig does charge a service fee, but we can never take more than that. Instead, the money goes to pay out claims, and if there is a little bit left at the end of the year it’s donated to charity.

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Hedvig, a Swedish startup, is following in the footsteps of Lemonade building a new generation of insurance platforms that use AI to help evaluate customers and operate on a policy of using surplus for social good, and today the company announced the next stage of its growth. The startup has closed...
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