Digital Insurance Agenda

Cover Genius joins forces with HomeToGo to layer insurance products into the rental market

Written by Merlin Beyts - ITC DIA Europe on Jan 10, 2023

What’s happening?

One of insurtechs biggest success stories, and early player in the embedded insurance game, has partnered up with HomeToGo, a marketplace for rentals in the leisure space. Together, they will streamline and simplify the experience with embedded products so customers can easily access cover.

The product is now available in various markets such as Switzerland, Austria, France, The Netherlands and Italy. Their digital claims process has garnered an impressive NPS score of +65‡ which puts it among the elite for independently assessed scores for insurance companies across the globe.

What the key players said

Angus McDonald, Co-founder & CEO of Cover Genius commented, “There is a massive opportunity for short-term rental sites that interact with both sides of the marketplace (i.e. renters and hosts) to offer convenient, customer-centric protection throughout the entire rental journey. We’re honored to help HomeToGo, the world’s largest vacation rental marketplace, offer peace of mind to its customers with tailored protection that is seamlessly embedded in the booking path.”

Dr. Patrick Andrae, Co-founder & CEO of HomeToGo said, “Protection for rentals is especially relevant in today’s landscape – having been underpinned by trends coming out of the pandemic, flexibility remains top of mind for many customers. For example, our own survey data shows that 54% of respondents purchased travel protection within the last year1, indicating a consumer appetite for increased flexibility. We’re excited to partner with Cover Genius to offer protection that is seamlessly integrated into the rental experience.”

Source: https://covergenius.com/cover-genius-partners-with-hometogo-to-provide-embedded-protection-for-short-term-rentals/

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