Your insurance won't fully reimburse you unless you're able to provide a full inventory of what was destroyed or stolen.
Martigny, Switzerland (PRWEB) January 17, 2012
Creative Pandas, a Swiss software development startup, announced the launch of the first cloud-based item record solution using the technology of barcodes, Belongings.
Developed in partnership with a Swiss insurer, Belongings allows people to easily keep an updated online inventory of their household property and store critical data such as warranties and item receipts. This makes filing a claim after any type of theft or disaster thorough & efficient, and keeps warranties on your purchases safe & convenient to get to. The design features a very simple inventory upload process. The user property can have its picture along with proof of purchase uploaded to the cloud, where it can be accessed anytime, this solves the issue of losing the inventory if your computer crashes, gets stolen, or if it burns in the house.
In the long term, the solution is aiming to re-define the way people understand and chose their insurance, by knowing exactly what they own and the overall replacement cost of their household.
Users should be able to get actual indemnities from their insurance company, meaning a house that burns down could have its contents completely replaced with a well-formed Belongings inventory.
According to Property Loss Consultant Rich Connette, almost nobody can recollect what they owned after a natural disaster or even after a housebreaking. This means that the insurance policy does not reimburse the total value of your lost property, normally far from that. Victims usually end up with substantially less than they had before the accident, not to mention the stress & aggravation of trying to deal with an insurance adjuster about the values of the lost property.
“Building an inventory is very time-consuming and we think this is the main reason why most people don’t keep an accurate one. Using barcode technology, we’ve been able to develop an easy-to-use mobile application, allowing our users to quickly add items to their account as they buy them,” said Pablo Albrecht, founder of Creative Pandas.
The company has already extended Belongings to store critical documents such as birth certificates, marriage licenses, mortgage documents, financial interests, passport info, etc.
Creative Pandas is a private software development startup formed in 2011. Located in Martigny, Switzerland, the company aims to provide easy-to-use solutions that help end-users solve everyday problems. They are incubated by the foundation The Ark, which promotes innovation in the country.