Pros
- It’s unlike any other product on the market – you only need to pay for cover when you feel at risk of injury.
- It’s flexible. There’s no-lock-in contracts and you take out cover for as long as you want (e.g. a day, week or a month).
- It’s cheap, starting from $7 per day.
Cons
- It’s not necessarily a substitute for health or travel insurance – you may still want this.
- It’s a relatively new product that’s probably only ideal if you’re an active person and are worried about getting injured.
Review by our insurance and innovations editor Gary Ross Hunter.