Utah-based startup reepher has utilized to promote insurance coverage in Oregon which might cowl the price of defending a hashish DUI, Axios stories. The most cost effective reepher product supplied prices $15 month-to-month and presents $15,000 in potential protection, together with as much as $8,000 in legal professional charges and $1,500 to get better a towed car.
The corporate launched in late 2021 and at the moment operates in Arkansas, Georgia, Missouri, New Hampshire, and South Carolina, in response to the reepher website.
CEO Justin Kahn informed Axios that, so far, the corporate has signed up lower than 1,000 clients however has raised $1.2 million in investments.
“There must be a brand new kind of protection that protects individuals from the monetary penalties of their very own behaviors, which aren’t unlawful. But when you find yourself on the incorrect aspect of the chance it may be a expensive endeavor.” — Kahn to Axios
Tom Baker, an insurance coverage legislation professional on the College of Pennsylvania Legislation College, informed Axios that whereas it’s “uncommon” to supply insurance coverage “for conduct that may be thought to be felony,” reepher’s merchandise appear much like “peace of thoughts insurance coverage” that’s supplied for identification theft or for journey cancellation.
Based on Oregon crime statistics, over the previous two and a half years, legislation enforcement within the state made 210 cannabis-related driving underneath the affect citations and 64 disorderly conduct citations.
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