InsuraGuest launches subscription based vacation rental insurance
InsuraGuest has launched a subscription-based vacation rental insurance product that can be purchased directly through its site.
The product will cover the property 24 hours a day, 7 days a week, 365 days a year, and can be turned on or off depending on the seasonality of the property’s renters. Included in the offering will be InsuraGuest’s primary no-fault medical coverage, which covers guests’ accidental injury no matter who’s at fault.
“This is a major insurtech technology lift we have been working on for over six months. Our initial digital distribution platform allows the sale of our products to property management companies that use one of the property management systems integrated with our API. However, there are 2.6 million rental properties in the United States and 65.4% (1.7 million) do not use a property management system and go direct to online travel agencies like Airbnb. Our new subscription-based solution allows our product to be sold to everyone and anyone in the Vacation Rental/SRT space in the U.S. It also gives our clients the ability to control their insurance needs while protecting their property and their guests at the same time.” – Reed Wright, President of InsuraGuest.