InsuraGuest Begins Selling Its Insurance Products On LMPM

As a follow-on to an announcement made last month, InsuraGuest Technologies (TSXV: ISGI) this morning indicated it has gone live on a platform that it recently reached a vendor agreement with. InsuraGuest’s products are now officially available on the Lightmaker Property Manager Platform.

Billed as one of the best property management systems for vacation rental properties, LMPM is a cloud-based platform that has been integrated with major property rental platforms that include AirBNB, Expedia, VRBO, and more. The platform has been developed as an “all-in-one” system, which bodes well for the integration of insurance offerings from InsuraGuest.

With the integration now complete, users of LMPM’s management software can now apply to use InsuraGuest’s insurance offerings. Once accepted, the firms primary no fault insurance offerings can be used to cover claims made by guests, with the insurance coverage automatically attached to each reservation. Each reservation can cost as little as $8.95 a night for coverage of the property.

The full integration to the LMPM platform follows the news last week that the company had entered an agreement to place its insurance offerings on major travel platform Centred. The agreement will see the sale of InsuraGuest’s latest insurance product, travel insurance, which will be sold to clients of Centred across the US.

InsuraGuest Technologies last traded at $0.30 on the TSX Venture.

FULL DISCLOSURE: InsuraGuest Technologies is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover InsuraGuest Technologies on The Deep Dive, with The Deep Dive having full editorial control. Additionally, the author personally holds shares of the company. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

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