Worldwide: InsuraGuest, an insurance technology firm, has signed an agreement with Hostaway, a short-term rental property management company.
InsuraGuest Technologies develops, markets, and utilises its software platform to deliver digital insurance to multiple sectors.
The InsuraGuest Hospitality Liability coverages can now be purchased by Hostaway users. This allows hosts and property management companies to use InsuraGuest coverages to address claims made by guests, including: accidental property damage, theft of guests’ personal property while at the rental, accidental medical expenses, and accidental death and dismemberment.
InsuraGuest will integrate with Hostaway property management software through its proprietary API, which will enable Hostaway’s users to transfer certain liability exposures to the InsuraGuest carrier once they are signed up. Transferring liabilities allows for claim ratios and risk profiles to be lowered. This may decrease general liability and/or homeowners’ premiums.
Operators can attach the coverages to all reservations, which costs $11.95 per night. The coverage is activated at check-in and de-activates at check-out.
Marcus Rader, Hostaway’s founder and CEO, said: “We are excited to begin our relationship with InsuraGuest. Providing our customers with access to an insurance vendor like InsuraGuest helps protect their properties and provide peace of mind to their guests.”
Douglas Anderson, CEO and chairman of InsuraGuest Technologies, said: “Hostaway is one of the largest and fastest growing short-term rental property management software companies in the world, and we are excited to be the only insurance vendor they will currently offer to their clients.”
Hostaway is a vacation rental software company that provides marketing, sales, management, reporting, and communication services to property managers.