InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF), through its wholly owned U.S. subsidiary InsuraGuest Risk Purchasing Group Inc. (“ISG”), today announced that it has renewed its annual contract with Wintergreen Resort in Wintergreen, Virginia. Under the contract, the company will supply its InsuraGuest Hospitality Liability coverages, which cover claims made by resort guests on a primary basis. According to the update, InsuraGuest’s Hospitality Liability coverages and platform protected 23,917 room nights for US$4.95 a night at the 200-room Wintergreen Resort in 2020. A considerable portion of a hotel operator’s claims come from small property or medical claims that are frequently applied to the property’s general liability policy, driving up premium prices. The InsuraGuest solution transfers the risk from the hotel operator by having guests pay a nominal fee per night. InsuraGuest then pays out these small claims, preventing impact to the hotel operator’s general liability policy.
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About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to deliver digital insurance to multiple sectors. It is transforming the way insurance is delivered with the revolutionary idea that insurance should be bought, not sold. For more information, visit the company’s website at www.InsuraGuest.com.
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