VOOM Survey: Almost 50% of Millennial E-scooter Riders Concerned About Harming Themselves or Others, Yet Most Have Never Thought About Purchasing Insurance - InsuranceNewsNet

Get the magazine read by the nation’s top 1% of producers delivered to your door monthly. Subscribe Now

InsuranceNewsNet

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading newswires
Topics
  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property & Casualty
  • Advisor News
  • Washington Wire
  • Sponsored Content
  • INN Exclusives
  • Newswires
  • INNsider
  • INN Exclusives
  • NewsWires
  • Magazine
Sign in or register to be an INNsider.
  • INN Exclusives
  • NewsWires
  • ★ Regulation News
  • Magazine
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Susbcribe

Get Social

  • Facebook
  • Twitter
  • LinkedIn
  • Google+
Insider
newswires
newswires RSS Get our newsletter
Order Prints Share
July 18, 2019 newswires No comments Views: 23

VOOM Survey: Almost 50% of Millennial E-scooter Riders Concerned About Harming Themselves or Others, Yet Most Have Never Thought About Purchasing Insurance

PR Newswire

TEL AVIV, Israel and PALO ALTO, California, July 18, 2019 /PRNewswire/ -- According to a survey commissioned by VOOM, the world's first on-demand, telematics-based insurance platform for specialized mobility, 49% of millennial e-scooter riders are concerned about harming themselves or others when riding; but 53% have never thought about purchasing insurance coverage. VOOM's findings emphasize riders' lack of awareness regarding the potential physical and financial danger they put themselves in when using these increasingly popular devices.

According to the survey:

  • 40% of e-scooter riders have either been in an accident or know someone who has.
  • 61% of respondents said they would be willing to spend extra money on top of their ride cost to cover injury and third-party liability insurance.
  • 52% of respondents said they would prefer pay-per-ride insurance as opposed to annual or monthly insurance plans for e-scooter ride coverage, reflecting the demand for flexible, usage-based policies to match the nature of e-scooter mobility.

The largest e-scooter companies in the US place the responsibility for accidents on the user alone as part of their rental agreements, a fact most scooter riders are unaware of. Even if a rider has personal health insurance to cover medical bills in case of an accident, excessive deductibles, co-pays, and other limitations often lead to individuals being left with thousands of dollars in fees.

Should a scooter rider injure a pedestrian, cause a car accident, or damage someone else's property, the rider will likely be held responsible. In addition, Auto insurance is likely irrelevant as it typically excludes vehicles with less than four wheels, and standard Homeowner's or Renter's insurance doesn't cover self-propelled vehicles; therefore, riders are left without proper third-party liability protection.

"Riders' preferred modes of mobility have evolved, yet their insurance policies have not evolved along with them. What we now see is a rise of e-scooter accidents across major cities globally, and simultaneously, users unaware that they are not covered until it is too late," said Tomer Kashi, CEO and Co-Founder of VOOM. "As an avid scooter rider myself, I believe that riders must recognize the risks they face when riding these e-scooters and take appropriate actions to protect themselves, as they go far beyond injuries to one's self."

The survey, conducted in June 2019, was jointly carried out with Google Consumer Surveys based on a representative sample of more than 1,000 regular e-scooter riders from the United States, aged 18-65+.

About VOOM

VOOM is the world's first on-demand, telematics-based insurtech platform for specialized mobility products, dedicated to protecting users for everything they ride, fly, or sail. The company's first product, SkyWatch.AI, leverages the power of machine learning to assess and mitigate risks and provide on-demand insurance for thousands of drone pilots operating across the US and UK. VOOM's data-driven, usage-based insurance products include multiple high-risk, episodic-usage mobility verticals, including e-scooters, e-bikes, powersports, motor boats, and small planes. Headquartered in Tel Aviv with an office in Palo Alto, CA, VOOM is a licensed insurance broker in all 50 US states.

Press Contact  
Orit YogevHeadline Media
[email protected]
+1-516-725-9202

 

Cision View original content:http://www.prnewswire.com/news-releases/voom-survey-almost-50-of-millennial-e-scooter-riders-concerned-about-harming-themselves-or-others-yet-most-have-never-thought-about-purchasing-insurance-300887374.html

SOURCE VOOM

Older

The Dentists Insurance Company Selects Guidewire InsurancePlatform for Data Management and Analytics

Newer

Arch MI’s Latest Housing and Mortgage Market Review Reveals the Success Factors Fueling Boomtowns

Advisor News

  • Buttigieg Retirement Plan ‘Impressive,’ But How Will He Pay For It?
  • Americans Say They’ll Be Better Off Financially In 2020: Fidelity Survey
  • Vanguard: Expect 2020 U.S. Economic Growth To Tail Off
  • Rep. Waters: House Passes Financial Services Bill Banning Insider Trading
  • LPL Financial Launches No-Transaction-Fee, Exchange-Traded Fund Network
More Advisor News

Annuity News

  • Wink Unveils Beefed Up AnnuitySpecs Tool
  • Plaintiffs Abandon Lawsuit Targeting Security Benefit Proprietary Index
  • NAIC Regulators Move Annuity Sales Model Forward
  • Robert Kerzner Joins PHP Agency’s Board Of Directors
  • Patriot Life Insurance Co. Boosts Life & Annuities Underwriting Capabilities
More Annuity News

Health/Employee Benefits

  • Insurers Argue Case For ACA Reimbursement To Supreme Court
  • StayWell Shares Top 5 Employer Wellness Trends For 2020
  • Senate Approves Sinema-Backed Bill Lowering Drug Prices
  • CAP Objects To Latest Surprise Billing Agreement
  • Buttigieg Retirement Plan ‘Impressive,’ But How Will He Pay For It?
More Health/Employee Benefits

Life Insurance

  • Caregiver Took Out Life Insurance On Florida Man, Then Killed Him, Police Allege
  • Nationwide Named Official Insurance Partner Of Minor League Baseball
  • Pacific Life Sells Aviation Capital Group To Tokyo Century Corp.
  • Robert Kerzner Joins PHP Agency’s Board Of Directors
  • Florida Man Convicted Of Murdering Wife For Life Insurance
More Life Insurance

Featured Offers

Text Ads

Press ReleasesAll press releases

  • Life Health Insurance, Investment and Retirement Planning Powerhouse AmeriLife® Expands its Platform of Advanced Life Insurance Services with Acquisition of Agent Support Group
  • Brookstone Capital Management Expands Darryl Ronconi’s Role, Naming Him President and Chief Operating Officer
  • WoodmenLife Launches Unified Selling Experience for Agents with iPipeline
  • National Western Life Selects Equisoft to Accelerate its Growth Strategy
  • Peter M. Bakker Agency awarded first Insurance Agency Apprenticeship in the State of Connecticut
Add your Press Release >

Topics

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty News
  • Advisor News
  • Washington Wire
  • Regulation

Top Sections

  • INN Exclusives
  • INN Insider

Our Company

  • About
  • Editorial Staff
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter Google+
© 2019 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • Sitemap
  • AdvisorNews

Sign in with your INNsider Account

Not registered? Become an INNsider.