Holiday Shopping? Protect Big-Ticket Buys With Insurance

With the holiday shopping season in full swing, regional insurtech firm Igloo is urging Filipinos to consider insurance as an added layer of protection for their high-value purchases.

From smartphones and laptops to luxury bags and beauty products, gifts often come with risks like accidental damage, theft, or unexpected malfunctions. Igloo, a Singapore-based insurtech company, has partnered with e-commerce platforms Lazada and Shopee to offer seamless insurance solutions at checkout.

“Whether it’s a gadget or a timeless accessory, adding insurance makes your gift even more meaningful,” Igloo said in a press release. The company offers coverage for accidental damage, theft, and even product liability for select items.

Comprehensive Coverage for Electronics

Electronics remain among the most popular gift items but are prone to mishaps. To address this, Igloo provides Gadget Protection via GInsure on Lazada, offering coverage for accidental and liquid damage, along with access to authorized repair centers. On Shopee, Cracked Screen Protection provides up to 12 months of coverage for screen damages.

These plans are conveniently available during checkout, allowing shoppers to secure their purchases with ease.

Insurance Beyond Warranties

Manufacturer warranties often fail to cover certain risks, such as allergic reactions to beauty products. Igloo, in collaboration with Liberty Insurance, offers Product Liability Protection on Lazada. This coverage safeguards against chemical burns or severe allergic reactions, providing access to teleconsultations, medical reimbursements, and emergency hospitalization.

“By opting for insurance, consumers not only protect their investments but also gain peace of mind,” Igloo emphasized.

Elevating Gift Giving

For pricier items like luxury fashion or specialized gadgets, Igloo’s Merchandise Protection plan with Etiqa ensures coverage against accidental damage and theft. This provides financial security for both givers and recipients, making holiday shopping stress-free.

As a regional insurtech leader, Igloo operates in six countries, including the Philippines, and has partnered with over 75 brands across various industries. The firm leverages technology like big data and real-time risk assessment to make insurance more accessible.

For more information about Igloo’s offerings, visit iglooinsure.com.