Crowdfunding websites like Indiegogo and Kickstarter play home to many amazing products and ideas. Some of these ideas unfortunately don’t end up getting funded, and sometimes the ones that do end up taking way too long to ship as its creators do not have the experience to handle their supply chain properly.
That being said what happens when you’ve already pledged your money? Well the good news is that according to a report from TechCrunch, it looks like Indiegogo is piloting a new insurance program that will refund backers their money should a product fail to deliver within 3 months of its estimated delivery date.
As it stands this new pilot program is being trialed on the Olive stress management wearable device. Users will have the option of paying an additional $15 to tack on the insurance if they wish. According to an Indiegogo spokesperson, “Indiegogo regularly develops and tests new features to meet the needs of both funders and campaign owners. This pilot test is currently limited to this individual campaign.”
It is unclear if this pilot program will eventually roll out to other Indiegogo projects in the future, but what do you guys think of the idea? Would you be willing to pay a little bit extra for that peace of mind?
Filed in . Read more about Crowdfunding and Indiegogo.