Singapore’s First Insurance for Geeks and Collectors Launched
MyRepublic, a fibre broadband service provider in Singapore, has launched a first-of-its-kind insurance product designed specifically for hobbyists, gamers, and collectors.
As interest in trading card games, figurines, and collectible merchandise continues to rise in Singapore, many enthusiasts are investing significantly in their collections. However, traditional home insurance policies often provide limited or no coverage for such items.
Geek Insurance offers a dedicated solution, focusing on coverage for collectibles, personal electronic devices, and other household contents in the home against loss, theft, and accidental damage.
Items eligible for coverage under Geek Insurance include:
- Trading Card Games (TCGs)
- Figurines and Toys
- Game Collections
- Comic Books
- Limited-Edition Merchandise
- Memorabilia
«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 close to our hearts,» said Lawrence Chan, Managing Director and Chief AI Officer, MyRepublic Broadband.
Underserved Segment
«We are proud to partner with MyRepublic to underwrite Geek Insurance and bring this innovative product to life,» said Kelvin Lim, CEO, HL Assurance. «This collaboration allows us to address a previously underserved segment in a meaningful and innovative way.»
The plans, starting from $4.90 per month with up to $15,000 coverage, feature a simplified claims process, competitive premiums, and tailored benefits, empowering customers to enjoy their hobbies without the burden of potential loss or damage.
