Tile has announced a new subscription tier to compete with upcoming Apple AirTags. The new subscription tier is called “Premium Protect” and insures lost item connected with Tile trackers up to $1,000 in value.
Tile’s new premium subscription offers multiple benefits, including a $1,000 reimbursement on lost item. Let us say a tagged item is lost, and the Tile tracker is not able to help locate it in seven days. In this case, the user can claim up to $1,000 reimbursement. Tile has partnered with Cover Genius insurance company for the “Premium Protect” service.
Tile Premium Protect is available for Tile’s partner projects, including Bose SoundSport headphones, Skullcandy’s Venue, and others. Apart from the $1000 reimbursement, you also get benefits like Smart Alerts, unlimited Tile sharing, up to a month of saved location history, and free battery replacement.
Tile’s Premium Protect plan does come with its own terms and conditions. You will not be able to claim $1,000 reimbursement if Tile has managed to locate the device, but you were not able to retrieve the device. On the other hand, if Tile’s network fails in locating the lost device, you can file for a claim up to $1,000. Furthermore, the claim can include multiple tagged items provided; the total value doesn’t exceed the maximum coverage. Tile’s Premium Protect is priced at $99.99 and is expected to be launched later this year. The company is yet to announce the exact date.
[via Tile, Engadget]