Enjoy 100%, unconditional rebate of premiums not used for payouts
No Conflict of Interest
Traditional Insurance: Your premiums are the insurance company’s revenue. Every dollar paid out to you for your claims is a dollar less in profit for the insurance company.
bandboo: All premiums you have paid belong to you and stay in your Bandboo Account. We make no profits by denying claims.
Traditional Insurance: You have no information on how your premiums are calculated or what they are used for.
bandboo: You have full access to the information on payouts and premiums required each month.
Traditional Insurance: Excess premiums collected are pocketed as profits.
bandboo: 100%, unconditional rebate of premiums not used to pay out claims.
Less than $35/month premium
No Claim No Pay™
Bandboo is the only insurance platform where you can enjoy a 100%, unconditional rebate of your premiums not paid out as claims.
If there are no claims during your membership term, you pay $0 premium during your renewal.