As a result, the InsuraGuest hospitality liability coverages will now be able to purchase and use for Hostfully’s clients. Once in use, clients can use the InsuraGuest coverages to address claims made by guests and their occupants on a primary basis.
The InsuraGuest Hospitality coverages will afford coverage for accidental property damage, theft of guests’ personal property while at the vacation rental property, as well as accidental medical expenses and accidental death and dismemberment.
InsuraGuest chairman and CEO, Douglas Anderson, said: “We are excited to launch our hospitality liability coverages in the vacation rental sector through the Hostfully property management system, and to their 2,500 clients. Additionally, Hostfully won the ‘Best All-Around Vacation Rental Software’ award from VRMB Keystone Awards in 2019, so we are honoured to be able to work with such a seasoned team as Hostfully and their president and co-founder David Jacoby.”
Jacoby said: “Hostfully is constantly improving its property management platform to help vacation rental owners. Adding InsuraGuest hospitality liability coverages to our vendor list will help managers add a layer of protection between the property and the guest, while lowering the property’s current risk ratio and claim ratio.
“In the end, InsuraGuest will help the property control its general liability costs by transferring covered risks to InsuraGuest,” he added.