Grupa Europa launches mobile screen protection insurance

Insurer Grupa Europa, subsidiary of the global bancassurance giant Talanx International will sell mobile screen insurance policy in Poland, the company announced. The insurance will be offered through the company’s app – Screenity, which could be added to existing banking apps or pre-installed on devices, the company said, adding that it wants to offer this solution to its partners. “In the first step, the application checks the phone's display status remotely. If no damage is found, the customer receives an insurance offer. Its purchase and payment also takes place from the application level - anywhere, anytime,” the company said in a press statement. The insurance will cover new and used phones, which, according to the company is a revolutionary solution, as until now, such policies covered only new devices. According to Grupa Europa, display damage applies to over 80 percent of reported accidents.  The company stressed that the insurance was designed so that the sum insured was enough to cover damages in nine to ten cases of display damage while maintaining an attractive price. The insurance period lasts 12 months and the sum insured amount is PLN 600. The protection includes accidental damage (such as falling out from someone’s pocket), with the damaged display being repaired or replaced.