Revolut provides worldwide protection for everyday accidents: drops, breakages, cracked screens, liquid damage, and out-of-warranty breakdowns.
We haven’t included loss or theft as we don’t believe it provides good value for our customers for the following reasons:
- Apps such as Find-my-iPhone allow customers to completely lock their device, which means that genuine Loss/Theft cases are now very rare.
- There are a lot of fraudulent claims for Loss/Theft which are hard to prevent. This means that genuine customers are forced to pay very high prices for loss/theft insurance.
- The user experience is complex and inconvenient, with trips to a police station required.