InsuraGuest Technologies (TSXV: ISGI) has expanded its presence within the vacation rental software market yet again. The firm this morning announced that it has entered into a vendor integration agreement with iGMS for the sale of its insuratech products.
The arrangement will see the integration of InsuraGuest’s insurance offerings for short term vacation rentals with iGMS’s “all-in-one” vacation rental software platform. The company currently has a total of 127,365 managed listings, with listings operated by professional hosts and property management firms.
“We are always striving to help our clients to ease and streamline their business. That’s why we are happy to collaborate with InsuraGuest and make vacation rental business less stressful and more protected with their insurance coverage,” said Ivan Levchenko, co-founder of iGMS.
Sponsored · Silver47 Exploration Inc.
Once fully integrated, these 127,365 listings will be eligible to include InsuraGuest’s primary no fault insurance offerings with their vacation rental offerings, thereby providing their guests with an added layer of coverage to protect against accidental medical claims and property damage. The insurance is covered via a nightly fee, which is passed on to the guest automatically for every reservation, once integrated by the host, at a low cost.
The announcement follows a similar one earlier this week, wherein the firm announced it would be integrating its product offerings on Lightmaker Property Manager, another management system for short term vacation rentals.
InsuraGuest technologies last traded at $0.36 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.
