Insurance brings security into our lives. But the cost can appear unfairly high for those who rarely take advantage of an insurance payout. VouchForMe makes it possible for your friends and family to express their trust in you and let the insurance company know that you present lower risk and deserve a fairer insurance premium.
The concept is simple: your family or friends vouch for your insurable actions with a financial commitment. The commitment is only triggered in case of an insurance claim. By sharing the risk, the insurance company will reward you with a lower premium.
Insurance companies use statistics to assess risk, an approach that might be unfair to less risky clients in traditionally risky segments. VouchForMe adopts the trust of your friends and family in your behavior and translates it into personalized insurance that is tailored to each individual and results in a lower insurance premium.
Life is unpredictable, and accidents can happen. If you are responsible for a mishap, the insurance claim will be partially covered by your community. But only up to the amount they have committed for.
VouchForMe is a unique system that supports mutual help between friends and family members.
You vouch for me and I will vouch for you. If accidents happen, we’re in it together.
We share the benefits and share the risks.
No payment is needed when vouching for a friend or family member.
The amount is registered in the VouchForMe system and is only due in case of an insurance claim. If no insurance claim is filed, nobody pays. What is left is a lower cost of insurance.
VouchForMe lowers insurance costs for responsible individuals and at the same time works towards a society that is based on awareness, responsibility, and sharing of positive values. A win-win situation for all!