Is CoverWallet Insurance Legit? A Comprehensive Review

Is CoverWallet Insurance Legit?

An image to Illustrate: Coverwallet Insurance
CoverWallet insurance can help you get the best coverage and rate for your business insurance needs. But how does it work, and what are the pros and cons? Discover the truth about this service in this article/PHOTO COURTESY: Facebook

CoverWallet is an online platform that helps small and medium-sized businesses to understand, buy, and manage their commercial insurance policies.

CoverWallet is part of Aon, a global leader in risk, retirement, and health solutions.

But is CoverWallet insurance legit and reliable? How does it work, and what are the benefits and drawbacks of using it?

In this article, we will answer these questions and more, based on the latest information and customer reviews.

What is CoverWallet Insurance?

CoverWallet insurance is a service that provides businesses with access to a variety of insurance products and carriers, tailored to their specific needs and preferences.

CoverWallet insurance works as an aggregator.

This means that it does not sell or underwrite its own policies.

It rather connects customers with multiple insurance companies that offer the best rates and coverage options for their business.

CoverWallet insurance offers different types of commercial insurance, such as:

  • general liability
  • workers’ compensation
  • business owners’ policy
  • commercial property
  • professional liability

It also provides customers with expert advice, flexible packages, and convenient management tools, such as:

  • a digital wallet
  • a certificate of insurance
  • a claim filing system

How to Get CoverWallet Insurance?

Getting CoverWallet insurance is easy and fast.

Customers can follow these steps to get CoverWallet insurance:

  • Visit CoverWallet’s website or app and select their industry and business size.
  • Answer some questions about their business and their insurance needs.
  • Compare quotes and policies from different insurance carriers within CoverWallet’s network.
  • Choose the best coverage and rate option and purchase the policy through CoverWallet.
  • Manage the policy online through CoverWallet’s platform, where they can make payments, download and share certificates of insurance, file claims, and more.

What are the Pros and Cons of CoverWallet Insurance?

CoverWallet insurance has many advantages and disadvantages, depending on the customer’s expectations and experience.

Here are some of the pros and cons of CoverWallet insurance, based on the customer reviews:


  • CoverWallet insurance offers a wide range of insurance products and carriers, giving customers more choices and flexibility.
  • CoverWallet provides customers with expert advice and recommendations, customized to their business needs and preferences.
  • It has a user-friendly and intuitive website and app, that guides customers through the process and allows them to adjust their coverage choices.
  • CoverWallet has a high customer satisfaction rating and a strong financial strength rating, as part of Aon.
  • CoverWallet insurance offers usage-based and mileage-based insurance programs, that reward customers with lower premiums based on their driving behaviour and mileage.


  • CoverWallet insurance does not sell or underwrite its own policies, meaning that customers have to deal with multiple insurance companies and agents, which can be confusing and time-consuming.
  • CoverWallet may have less control over the coverage and claims, as they depend on the policies and procedures of the insurance carriers.
  • It may have hidden fees or charges, such as cancellation fees, broker fees, or service fees, that customers may not be aware of or agree with.
  • CoverWallet may have difficulties in cancelling or changing its policies, as it may have to contact multiple parties and follow different steps.
  • CoverWallet insurance may have issues with the quality and reliability of the service providers, such as repair shops, towing companies, and roadside assistance providers, that are part of the network.


CoverWallet insurance is a legit and convenient way to get commercial insurance for small and medium-sized businesses, from a variety of insurance carriers and products.

However, it also has some drawbacks, such as less control over the coverage and claims, and possible hidden fees or charges.

Therefore, customers need to do some research and comparison before they choose CoverWallet insurance and read the terms and conditions carefully.

They can use the information and examples mentioned in this article as a guide to help them make an informed decision.


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