Assurant partners with tech firm Fair
Risk management service provider Assurant has partnered with fintech company Fair.
California-based Fair provides access to mobility through an app using the car-as-a-service (CaaS) concept. It gives customers the freedom to drive the car they want for as long as they want, according to company.
Assurant is the primary underwriter for the Fair-branded property & casualty insurance offered for all vehicles available on the app, the Dec. 13 press release says.
“This partnership will allow us to provide Fair customers with top-tier insurance coverage and the additional ability to turn it off when they turn in their car,” said Scott Painter, Fair CEO and founder. “Along with our price guarantee and other powerful consumer features, the arrangement will help give our customers total peace of mind under Fair’s flexible new model.”
With Fair, a customer can sign for a pre-owned vehicle right in the app and drive it as long as they want—with no long-term commitment or physical paperwork, the company claims. Through the agreement with Assurant, users have the option to enrol in an Assurant-backed property & casualty insurance programme through the app that would protect users and their Fair vehicle for as long as they have the car. The plans offer industry-leading rates and can be instantly discontinued whenever a customer turns in a Fair car.
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