Swiss Re’s iptiQ and ImmoScout24 launch digital loss of rent insurance

iptiQ and online real estate platform ImmoScout24 are launching a loss of rent insurance product that integrates into ImmoScout24’s digital ecosystem.

iptiQ is now offering ImmoScout24 customers a digital loss of rent insurance product to give added security to private landlords. If there are difficulties with rent payments, the insurance will cover the complete or partial loss of up to six months’ rent (including additional costs) or a maximum amount of EUR 10 000, with annual premiums starting at EUR 40.90. The new loss of rent insurance product is available on the German market, can be taken out with ‘just a few clicks’, and is ‘easily’ managed online. The insurance is valid for one year from the start of a new tenancy and can be cancelled on a daily basis.

“With ImmoScout24, we have found the ideal partner in Germany to offer customers tailor-made household insurance products online precisely when it matters. Thanks to the seamless integration of our product into ImmoScout24’s digital ecosystem, customers can insure themselves against the risk of rent-related losses directly online and throughout the rental process.” – Andreas Schertzinger, CEO of iptiQ EMEA P&C.

“The digital ImmoScout24 loss of rent insurance means that we can provide private landlords with an innovative service that makes renting out a property safer for them. Alongside our cooperation partner iptiQ, we can help make renting even easier, while minimizing the impact of losses. This is particularly relevant if tenants experience difficulties meeting rent payments as a result of the COVID-19 pandemic – and other factors, of course.” – Ralf Weitz, Managing Director of ImmoScout24.

This loss of rent insurance product is offered under the ImmoScout24 brand and is closely integrated into the online real estate platform’s digital ecosystem. While ImmoScout24 acts as a registered agent, all insurance-related aspects are covered by iptiQ, from the user journey to the issuing of policies, and the management of contracts to the settlement and payment of claims.