The premium to cover an asset is quoted and charged based on the number of calendar days on which you have active cover during a month and cover must be switched on in the app for your asset to be covered.

So, when you switch on cover for your asset, you are covered for that asset from the time when you switch on cover. You will receive a Policy Schedule to confirm the date and time when cover for the asset started.

When you switch off cover for your asset, you are no longer covered for that asset from the time when you switch off cover. You will receive a Policy Schedule to confirm the date and time when cover for the asset ended. Your Policy remains in effect so you can switch on cover again in the future.

At the end of the month, we count the number of days on which you had active cover for your asset that month, and bill you for the applicable quoted premium.