- The InsuraGuest Hospitality Liability coverage expansion provides more opportunities for claims to be transferred to the InsuraGuest carrier, resulting in a higher reduction of general liability claims
- The lower risk profile with the absorption of more claims through InsuraGuest could result in even lower premiums for hotel operators and vacation rental owners
- The vacation rental market size is estimated to rise to a value of $113.9 billion by 2027, as more people choose vacation rentals over hotels because they are often more private and affordable
- InsuraGuest’s proprietary platform can now be integrated with 82 different software programs for easier claims processing
InsuraGuest Technologies (TSX.V: ISGI) (OTCQB: ISGIF), a leading insurtech company that is leveraging its proprietary software platform and disrupted the insurance landscape, has announced that through its wholly owned United States subsidiary InsuraGuest, Inc., it has expanded Hospitality Liability coverages to include accidental medical incidents that occur anywhere on a hotel’s premises. In addition to the coverage already available for incidents within the guest’s room, this coverage expansion now protects the hotel from claims made by guests should an accident occur on another part of hotel property – like the pool, gym, or parking lot (https://ibn.fm/EIEtM).
The majority of hotel operators file their accident or small property claims through their general liability policies. When doing this, the frequency of the claims can drive up the price of the premium. The higher the risk, the higher the…
NOTE TO INVESTORS: The latest news and updates relating to ISGI are available in the company’s newsroom at http://ibn.fm/ISGI
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