The Bounce Promise
When a ground shake of at least 20cm per second triggers the policy, Bounce’s promise is to promptly engage with you to confirm impact, and then to proceed to claim payment. All of this happens within days of being notified about seismic shaking at your nearest GeoNet sensor.
Our sole purpose is to provide upfront cash to cover your additional expenses and costs after a major earthquake.
How is Bounce different?
A parametric approach.
Traditional insurance providers have complex claims adjustment processes and payments can take months to get into your hands. We know that the faster money gets into the hands of people and businesses during a crisis, the easier it is to keep living life.
Bounce Insurance is different. Bounce provides parametric insurance, which policy holders are insured against losses or expenses caused by an earthquake when the policy is triggered. The policy is triggered when the shake intensity at the nearest GeoNet sensor is at least 20cm per second or more. This allows Bounce to pay a set amount based on shake intensity, rather than based on the cost of damage as in a traditional insurance policy.
Bounce vs Traditional Insurance.
Normal Earthquake Insurance
Reimburse damaged property
So how does it work?
Doing good. Together.
Lloyd’s is the world’s leading insurance and reinsurance marketplace. They are our financial backers. Click here for information on the financial strength ratings of Lloyd’s.
To ensure payment fairness and transparency, we have engaged with GeoNet. GeoNet is New Zealand’s leading authority on seismic data.
Still got questions?
We provide low cost, quick pay earthquake insurance with the aim of getting more Kiwis protected.
