InsuraGuest Technologies (TSXV: ISGI) this morning announced that it has signed a vendor agreement with that of Hostaway. Hostaway is a scalable solution focused on vacation rental property management.
The vendor agreement will see InsuraGuest’s hospitality liability coverage now offered on the platform, making it available for purchase for users of the property management software. The integration will enable professional hosts and property management firms to use InsuraGuest’s coverage options directly within the Hostaway dashboard.
Currently, the offerings from InsuraGuest include accidental property damage, theft of personal property at the rental, and accidental medical expenses including accidental death and dismemberment. The offerings effectively enable Hostaway’s users to transfer certain liability exposures to the InsuraGuest carrier, which may reduce their general liability and homeowners premiums.
The offering effectively extends the coverage to guests of the short term rentals by attaching the coverage to every reservation. The fee for such liability coverage amounts to $11.95 per night.
“Hostaway is one of the largest and fastest growing short-term rental property management software companies in the world , and we are excited to be the ONLY insurance vendor they will currently offer to their clients.”Douglas Anderson, CEO and chairman of InsuraGuest Technologies
InsuraGuest Technologies last traded at $0.45 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.