THAT'S GOING TO EVER RAISING
THE BAR, BUT LET'S TAKE A LOOK
NOW AT ANOTHER STARTED THAT IS
SHAKING THINGS UP IN ITS OWN
RIGHT.
>> 66% GET BANKRUPTCIES FILE
DUE TO
MEDICAL BILLS THAT'S ALARMING
OUT ONE GAPING HOLE IN THE
TRADITIONAL INSURANCE
INDUSTRY'S INJURIES WHICH CAN
COST YOU 10'S OF THOUSANDS OF
DOLLARS SO SPOT INJURY
INSURANCE IS GOING TO COVER UP
TO $20,000 PER
INJURY AND IT'S ANNOUNCING SOME
FRESH FUNDING TO HELP IT EXPAND
JOINING YAO IS SPOT
CO-FOUNDERS.
>> MARIA GODOY AND THAT RANDALL
AT MADAME THANK YOU SO MUCH FOR
JOINING OUR AREA WILL KICK
THINGS OFF WITH YOU THIS IS
SOME NEW FUNDING
THAT YOU'VE. BROAD AND I THINK
HERE AVERAGING 17 AND A HALF
MILLION DOLLARS. HERE'S HOW ARE
YOU USING THAT TO EXPAND THE
COMPANY.
>> I THINK SO MUCH FOR HAVING
US AND WE'RE SUPER EXCITED
USING THE FUNDING TO ACTUALLY
CONTINUED.
>> REYNOLDS SCALE OF THIS IS
FROM MY WELL AS OUR
>> ADD TO DISTRIBUTE REALLY
FOCUSED ON CHANGING THE
DISTRIBUTION GAME.
>> AND THAT LIKE TO BRING YOU
IN AS WELL SO EXPLAIN TO OUR
VIEWERS WHEN SHOULD THEY SEEK
OUT SPOT INSURANCE. WHAT IS THE
RIGHT SCENARIO AND MAYBE WHAT'S
NOT THE RIGHT SCENARIO.
>> YEAH IT'S ON I MEAN FOR US
HOW WE REALLY LOOK AT.
SPOT OUR CUSTOMER
SEGMENTATION IS OUR CUSTOMERS
ARE MAINLY PEOPLE THAT HAVE
HIGH-DEDUCTIBLE HEALTH
INSURANCE PLANS AND THAT
CONTINUES TO RISE, YOU'RE
YOU'RE OR IF YOU DON'T HAVE
HEALTH INSURANCE AT ALL WITH
THE PRICE OF HEALTH INSURANCE,
IT'S SO EXPENSIVE THESE DAYS.
I WAS LIKE TELL A STORY.
>> IN
>> IT SPENT $1300 A MONTH ON
HEALTH INSURANCE ME MY WIFE, MY
DAUGHTER AND WE HAVE A $14,000
DEDUCTIBLE SO SPOT COVER YOUR
DEDUCTIBLE OR NOT HAVE
HEALTH INSURANCE WILL COVER UP
TO 20,000 PER EACH TIME YOU GET
INJURED.
>> AND EXPLAINING YOU KNOW WHAT
IS TECHNICALLY
CLASSIFIED AS IN AN INJURY
BECAUSE THAT'S KIND OF WHERE
THE SEMANTICS PLAY IN RIGHT
WHETHER OR NOT YOU CAN YOU CAN
MAKE A CLAIM WHAT CLASSIFIES AS
AN INJURY HOW WIDE RANGING IS
IT.
>> I CONSIDER IT AN UNEXPECTED
FORECASTED EVENT SO
ANYTHING FRIEND, FALLING DOWN
THE
STAIRS TO I'M NOT A CAR AND AND
TAKING AWAY ANYTHING THEY'RE
CONSIDERED INJURY.
>> DO YOU CHARGE IT TO THE
MILLENNIAL ADVENTURES SEEKER I
THINK PROBABLY A LOT OF PEOPLE
PLANNING TO YOU KNOW WHAT
NOW JURY SOMEWHAT OF A LOCKDOWN
THINKING ABOUT HOW THEY COULD
MAYBE DO THAT THEY GET CLIMBED
NOW AND DRY WITH THIS
CORONAVIRUS IS ALL SAID AND
DONE.
>> I THINK FOR US WE'RE LOOKING
AT IS TRYING TO FILL THAT GAP
AND PEOPLES
LIVES SO EVERYONE IS VERY
DIFFERENT TO ENCOURAGE PEOPLE
TO GET OUT AND LIVE LIFE BUT AS
YOU CAN GET AN A CAR ACCIDENT
WHAT PART OF YOU CAN.
A LOT OF PEOPLE TAKING A BITE.
WE CONTINUE TO SEE THAT
AS A AND THE MET AND SO
FOR US IT'S REALLY ABOUT
ENCOURAGING PEOPLE TO LIVE
THERE THAT'S LIFE AND KNOWING
THAT IF YOU CAN FOR HEALTH CARE
WILL BE DEDUCTIBLE
AND IT BEEN YOU KNOW A LOT OF
OUR COUSINS ACTUALLY USES
EITHER PRIMARY INJURY AND SO
FOR
THAT IS JUST LETTING PEOPLE
KNOW THAT WE HAVE THEIR BACK NO
MATTER WHAT INTERESTED IN IT
THAT'S JUST AROUND THE HOUSE OR
THAT'S ACTUALLY TRAVELING AND
DOING SOMETHING SO IT'S KIND OF
LIKE NETFLIX SEARGENT WE KIND
OF TURNED ON TO THE LAW FIRM
THAT YOU WANT THE MOST PEOPLE
ALWAYS KEEP IT ALL.
>> I'M MARIA ARE THEY'RE WELL
KNOWN ATHLETES THAT YOUR
COMPANY WORKS WITH THEIR
PROVIDES THAT ITS INSURANCE TO
KNOW WE NET CERTAINLY ACCIDENTS
AND INJURIES
COULD HAPPEN, I'M ON THE FIELD
OR IN A SPORTING EVENT AS WELL.
>> YEAH
BUILDING OUT IN THE MASTER
PORTFOLIO THAT INCLUDES THAT
YOU CAN ACTUALLY IT'S LIKE A
SCHMUCK AND TRAVIS ANTHONY
WASHINGTON SURFING PERSPECTIVE
SAID ACROSS A NUMBER OF
DIFFERENT WE'RE SUPER EXCITED
TO HAVE THEIR BACKS.
>> OKAY AND THAT FINAL QUESTION
TO YOU HOW DO YOU PLAN TO GROW
THE COMPANY FROM HERE.
>> I MEAN FOR THIS FUNDING AND
IT REALLY GOT EVERYTHING THAT
WE'RE DOING ACROSS COMPANY
WE'RE GOING TO TRIPLE
TEAM SIZES O MIKEL SPOT THAT
WILL REALLY DRIVING TOWARDS
WHAT WE'RE SAYING TO DATE IS
THE BUILDING A MODEL THAT
ACTUALLY CREATES THE FIRST
ALTERNATIVE TO THE U.S.
HEALTHCARE SYSTEM THAT ALLOWS
PEOPLE TO YOU KNOW NOT LIKE
BUILD SOMETHING WHERE THEY CAN
ACTUALLY THINKING CHOOSE THE
DIFFERENT COVERAGES THAT THEY
IF THEY WANT INSTEAD OF BEING
FORCED INTO WHAT THEY HAVE TO
PAY FOR.
>> ALL RIGHT GUYS WE'VE GOT TO