Canada: Insurtech company InsuraGuest Technologies, through its wholly owned US hospitality subsidiary InsuraGuest, has announced that it has signed a vendor agreement and integrated its insurance platform API with booking management engine OwnerRez.
InsuraGuest will integrate with OwnerRez property management software through its proprietary API, which will enable the latter’s users to transfer certain liability exposures to the InsuraGuest carrier. By transferring certain liabilities to the InsuraGuest coverages, the covered short-term rental properties will be able to lower their claim ratios and risk profiles, which may decrease their umbrella liability policy and / or their homeowners’ policy premiums.
Users of OwnerRez, including professional hosts and property management companies, can now choose to use the coverages by filling out an InsuraGuest application within the OwnerRez marketplace. Once in use, the client will use InsuraGuest’s insurance coverages for primary no fault accidental medical and property claims made by guests.
Ken Taylor, director of operations at OwnerRez, said: “We are excited to introduce our clients to InsuraGuest’s unique insurance offering. Unlike the other insurance products on the market, InsuraGuest is insurance that protects the property from claims made by their guests on a primary no-fault basis and is available for a per-diem rather than per-booking charge.”
Jennifer Epperson, VP of new business development for InsuraGuest Vacation Rentals, said: “It is a pleasure to work with a vacation rental leader like OwnerRez, and to provide their clients with the only primary no-fault accidental medical coverage policy on the market today.”