BBM launches unique pet product
Barely a month after picking up $9.14 million in funding and announcing a partnership with Munich Re Digital Partners, Bought By Many is back with some more good news. The startup launched three insurance products for dog and cat owners. One. Fixed For Life: £20,000 of cover over the course of a pet’s life, at a price that is guaranteed never to go up, even if a customer claims. Two. Money Back: Customers will have 20% of their pet insurance premium paid back for every year they do not claim. Three. Pre-existing. The only pet insurance policy that includes cover for a pet’s existing medical conditions straight away, enabling switching in a market that has previously trapped consumers with the same insurer. Last, Bought By Many has also launched a low-cost Liability Only policy for dog owners that starts at £10 a year.