MyRepublic, fibre broadband service provider in Singapore, has launched Geek Insurance, an insurance product tailored for hobbyists, gamers and collectors.
The offering, developed in collaboration with HL Assurance, aims to provide protection for “high-value collectibles” and gaming equipment.
HL Assurance CEO Kelvin Lim said: “We are proud to partner with MyRepublic to underwrite Geek Insurance and bring this innovative product to life. We understand the deep passion collectors have for their hobbies, and we’ve designed this product to offer the protection and peace of mind they deserve.
“This collaboration allows us to address a previously underserved segment in a meaningful and innovative way.”
Geek Insurance provides coverage for collectibles, personal electronic devices, and other household contents within the home against loss, theft, and accidental damage.
The items for this insurance policy include Trading Card Games (TCGs), figurines and toys, game collections, comic books, limited-edition merchandise, and memorabilia.
The launch is part of the MyRepublic’s strategy to create solutions catering to niche communities.
The insurance plans are starting from S$4.90 ($3.74) per month and offer up to $15,000 in coverage.
MyRepublic also plans to expand its insurance offerings with the introduction of a home insurance plan.
MyRepublic Broadband managing director and chief AI officer Lawrence Chan stated: “Geek Insurance is a natural extension of that commitment, offering collectors peace of mind through targeted protection.
“We recognise the value — both financial and sentimental — that collectors place on their items and aim to provide insurance that meets those unique needs. Our own team is passionate about trading card games and collectibles too, so this is something that’s close to our hearts.”
“MyRepublic launches product for collectors and gamers” was originally created and published by Life Insurance International, a GlobalData owned brand.
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