- Emerging alternative methods of obtaining personal income, such as Uber driving and Airbnb property rentals, are demonstrating a growing need for specialized insurance
- InsuraGuest provides fill-the-gap insurance coverage to hotel and vacation rental properties, which they can then pass on to their guests, as a means of dealing with surprise short-term stay emergencies and property damage issues
- The travel accommodations insurer has also entered the European market and expects to find an entry point into Asia by mid-year
- InsuraGuest’s product can help businesses to minimize damaging publicity about adverse events
As people across the country explore an expanding variety of alternatives for generating personal income, establishing protections against liability lawsuits is becoming more of a concern for such non-traditional business operators. Uber-style ride-share drivers who have encroached on licensed taxi companies’ territories, vacation rental properties entering the space historically defined by hotels and bed and breakfasts, and even equipment owners beginning to compete with construction contractors (http://nnw.fm/D5rfQ) may have atypical needs for insurance coverage.
InsuraGuest Inc. is responding to the needs of the lodging industry with its expanding reach as an InsurTech innovator, offering hotel and vacation rental clients a platform for providing their guests fill-the-gap insurance coverage during a property stay. The coverage provides a measure of protection against accidental in-room property damage, lost or stolen goods, accidental medical, and…
NOTE TO INVESTORS: The latest news and updates relating to InsuraGuest are available in the company’s newsroom at http://nnw.fm/InsuraGuest
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