Automobile-sharing platform Trevo has unveiled its newest product, Trevo Guard, an insurance coverage renewal service with value-added advantages to supply a one-stop answer for insurance coverage renewal and short-term mobility providers.
The Trevo Guard insurance coverage renewal service is on the market from throughout the Trevo car-sharing cellular app itself, through which customers should buy or renew motor insurance coverage insurance policies from Allianz and different chosen insurance coverage suppliers which have been tailor-made for the wants of person-to-person automotive sharing in addition to for e-hailing drivers.
There isn’t a age restrict for automobiles that may be lined by Trevo Guard, and cashback is relevant to insurance policies for automobiles which are lower than 10 years previous, stated Trevo CEO Leon Foong. Trevo Guard is on the market to all members of the general public, and car homeowners don’t must make their automobiles obtainable on the Trevo automotive sharing platform in an effort to qualify, stated the corporate.
Trevo Guard just isn’t an insurance coverage firm, it stated, including that it’s “policy-agnostic.” Along with Allianz, the insurance coverage suppliers on board with Trevo Guard additionally embody AXA and Etika, stated Trevo. As of its launch in April, insurance coverage quotations via Trevo Guard are restricted to the three aforementioned suppliers.
Within the occasion that your Trevo Guard-covered car is unavailable to be used as a consequence of work being carried out underneath an insurance coverage declare, Trevo will provide a substitute car for a complete of seven days in a 12 months. A Buddy Driver Service can be supplied via sister model Socar, the place the Trevo Guard buyer could be pushed round in their very own car for 2 journeys of as much as two hours every, per 12 months.
What if automotive homeowners desire to acquire quotes from insurance coverage suppliers apart from these listed? There aren’t any formal preparations with different insurance coverage suppliers but, although Trevo Guard customers can refer their most popular insurance coverage firm to Trevo for the forming of a partnership if desired, the car-sharing firm stated.
“Automobile homeowners in Malaysia usually lead hectic life, so we needed to make motor insurance coverage renewal simpler, quicker and higher by way of a handy service with added perks, to additional free them from the troubles that include automotive possession. This service is well timed as demand for contactless renewal options has gone up exponentially for the reason that rise of the pandemic,” Foong stated.
