YAS is excited to introduce TimeCare, an innovative luxury watch insurance program that harnesses the power of blockchain technology. This groundbreaking solution sets a new standard in the insurance industry by combining advanced technology with comprehensive protection tailored to the needs of luxury watch enthusiasts worldwide.One of the key features that sets TimeCare apart is its seamless integration of insurance coverage into the watch purchase process, streamlining the application experience. By leveraging state-of-the-art blockchain technology, TimeCare enhances security, transparency, and efficiency in claims processing. It provides an indisputable record of ownership and authenticity, ensuring peace of mind for watch owners.
Unlike traditional insurance policies, which often have limited coverage and cumbersome appraisal processes for luxury items, TimeCare initially offers coverage of up to US$12.8 million. This coverage is underwritten by one of YAS’ global underwriting partners, guaranteeing the highest level of protection. YAS will also collaborate with luxury brands worldwide, beginning with a renowned luxury watch retailer in Asia.
Luxury watches hold significant value beyond being mere accessories. They can be investments, cherished memories, and family heirlooms. TimeCare recognizes the importance of these timepieces and aims to provide comprehensive protection without the complexities and complications of traditional insurance processes.
The program securely records policy details, coverage information, and watch records, including guarantee card details for buyers. This ensures that all pertinent information is permanently stored and easily accessible whenever needed.
Developed with utmost dedication and consideration for watch enthusiasts, TimeCare reflects YAS’ commitment to insurance innovation and customer satisfaction. It redefines insurance offerings in the global luxury goods market, paving the way for a new era of protection and peace of mind.
William Lee, Co-founder of YAS, emphasizes the significance of TimeCare, stating, “TimeCare represents a commitment to trust, transparency, and efficiency as we shape the future of insurance for the new generation. We believe TimeCare will be a pivotal moment in redefining how insurance works. The combination of the immutable nature of blockchain and the timeless essence of a timepiece is a perfect match. We are not waiting for tomorrow; we are going beyond hype and making it happen today.”
Looking ahead, TimeCare aims to expand its presence and make a significant impact in the global luxury asset market. The successful launch in Hong Kong serves as a foundation for future expansion into other regions and luxury products. Furthermore, it inspires other industries to adopt similar programs and innovations, revolutionizing the way insurance is perceived and experienced.
In conclusion, TimeCare revolutionizes the luxury watch insurance industry by seamlessly integrating insurance coverage, enhancing security and transparency with blockchain technology, and offering comprehensive protection for valuable timepieces. With its launch in Hong Kong, TimeCare is set to redefine how insurance works and shape the future of insurance for the new generation.
