InsuraGuest Technologies: Technology to Reinvent Insurance
Disrupting the insurance landscape with proprietary software
InsuraGuest Technologies is revolutionizing the $100 billion Hotel and Vacation Rental Liability Markets.
To explain, they’re an insurtech (insurance + technology) company utilizing its proprietary software platform to deliver digital insurance to multiple sectors. In fact, they’re transforming the way insurance is delivered with the revolutionary idea that insurance should be bought, not sold.
InsuraGuest has expanded the reach of its insurtech platform to fully integrate with 82 different property management systems through the company’s proprietary API. This enables the respective properties to transfer certain liability exposures from their facilities to the InsuraGuest Hospitality Liability policies.
Moreover, a considerable portion of a hospitality operator’s claims comes from small property or medical claims that are frequently applied to the general liability policy. This high frequency in claims drives up premium prices. The solution? InsuraGuest transfers the risk from the hotel or vacation rental operator by having guests pay a nominal mandatory fee per night. InsuraGuest then pays out these small claims, avoiding impact to the hotel or vacation rental operator’s general liability policy.
With InsuraGuest custom coverages, properties benefit from an additional layer of protection should a guest experience an accident, in-room property damage, death and dismemberment or theft while staying at an InsuraGuest-covered hotel property.
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