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International Medical Group (IMG, Indianapolis) a global insurance benefits and assistance services company, has partnered with bolt (New York), the InsurTech that boasts the country’s largest technology-enabled insurance exchange for property/casualty, to be the first-in-market to offer device protection with travel medical insurance. The partnership adds optional device protection to IMG’s travel medical insurance, the Patriot Travel Series, providing the repair or replacement of travelers’ smartphones if lost, stolen, or accidentally damaged during their trip.
IMG and bolt say they are responding to the growing need for travelers to protect their smartphones when abroad by offering coverage for less than $0.60 per day. With bolt’s device protection added to their travel medical insurance, IMG’s customers can access comprehensive coverage with instant claims approval through the myIMG member portal from anywhere in the world, the companies say.
“We know how indispensable devices like smartphones have become in nearly every phase of travel: housing boarding passes and tickets, communicating with friends and family, and documenting your travels while abroad,” comments Amanda Winkle, Chief Commercial Officer, IMG. “In partnering with bolt for device protection, we are taking another step towards providing products and services that meet nearly every traveler and expatriate need while away from home.”
IMG says it selected bolt for its deep insurance industry knowledge, global footprint, and world-class technology integration capabilities. IMG plans to extend the add-on product to other insurance offerings in the future, offering device protection as an essential part of travel coverage.
“This partnership acknowledges the importance of protecting wireless devices when customers need it the most, especially when they may be far away from home and rely on their smartphones to serve as a lifeline,” comments Clayton Bodnarek, EVP, Alternative Distribution, bolt. “Our work with IMG brings comfort to customers who are traveling, knowing that if there is an emergency and they need the connection a device brings, we’ll be there for them.”