Singapore-based fibre broadband service provider MyRepublic has introduced Geek Insurance, a new product designed specifically for hobbyists, gamers, and collectors.
This initiative, developed in collaboration with HL Assurance, aims to provide specialised protection for high-value collectibles and gaming equipment.
Geek Insurance provides a dedicated solution, focusing on coverage for collectibles, personal electronic devices, and other household contents while they are in the home. The policy protects against loss, theft, and accidental damage.
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Items specifically eligible for coverage under Geek Insurance include:
- Trading Card Games (TCGs)
- Figurines and Toys
- Game Collections
- Comic Books
- Limited-Edition Merchandise
- Memorabilia
The insurance plans start from S$4.90 (under US$1) per month with coverage up to S$15,000 (US$11,500).
The launch addresses a growing need in Singapore, where interest in items like trading card games, figurines, and collectible merchandise is on the rise. Enthusiasts are making significant investments in their collections, and traditional home insurance policies often offer limited or no coverage for such items.
In addition to this new offering, MyRepublic is also preparing to introduce a comprehensive home insurance plan for individuals seeking broader coverage for their residences and personal property.
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