Mobile Phone insurance

[anon40728597]

Maybe this is too "legacy bit… I’d pay a subscription on a current account for mobile insurance.

Being an app based bank…it feels like it would go together…at least as an option.

Reason this popped into my head was because my phone got stolen while I was in Palma. Nationwide maybe charge too much…but I’m very thankful to them this week

Anyway just a thought!

In other news Monzo worked great in Spain!

[alexs (Alex Sherwood)]

I’d definitely like to be able to access mobile phone insurance through Monzo too but rather than taking a subscription out with Monzo, I expect this is one of the products that you’ll be able to buy through Monzo’s marketplace -

@alexs

That means that rather than having to sign up for whichever bundle of services your bank’s decided are best for you (&/or most profitable for them), you’ll have a choice of providers for each service. So if you need cover for action sports in your travel insurance, for example, you won’t have to worry about whether that’s included & the providers will be competing, which should drive down prices.

By creating the marketplace, Monzo will (hopefully) make it easier for users to access these services & certainly make them easier to manage - as they’ll all be linked to your Monzo account. They’ll also be able to do clever things like spot when you might need travel insurance but forgot to buy it, before you left the country or remind you to cancel your breakdown cover, if you don’t renew your vehicle tax.

How does that sound?

[anon40728597]

That sounds perfect. It’s something I’d use…certainly mobile and travel.

The more I think and use mono the more I wish the current account thing would tick FASTER!

Oh well will see what it’s like in New York next week with what I have

[Awpking (Adam)]

I completely agree with this. The reasons why I am still with my legacy bank and haven’t fully transferred my main bank to Monzo are:

1. I have a linked savings account (which is something Monzo are currently developing)

2. Ability to pay for added insurance perks. Particularly mobile and travel insurance, both of which would seem to compliment Monzos ethos of being a mobile bank and their free/cheap overseas charges.

What would make Monzo stand out in this department is if users could pick and choose perks which suit them. I don’t drive so my bundled AA breakddown cover is of no use to me. Ideally I would like to pay a smaller monthly fee and only have the mobile and travel insurance.