InsuraGuest Technologies (TSXV: ISGI) has added another platform to its network of distributors of its insurance products. The firm this morning indicated it has signed Stand Out Hotels and Residences as the latest firm to provide insurance products to its guests.
Stand Out Hotels and Residences is a platform that provides hotels and resorts with the infrastructure needed to outperform local competitors. It acts as a tool for independent hotels to remain competitive within the current marketplace, with the platform placing an emphasis on the Caribbean tourism region.
The arrangement will see InsuraGuest’s $10,000 accidental medical policy added to the booking of each room for a fee of US$3.00 a night. The policy works to protect both Stand Out and its guests from any medical accidents that may occur on the firms properties.
“This collaboration with Stand Out and their 3000 rooms will be a way to boost customer confidence and offer guests peace of mind when choosing one of Stand Out’s properties to stay at for their vacation,” commented InsuraGuest President Reed Wright.
InsuraGuest Technologies last traded at $0.19 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. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
