InsuraGuest Technologies Featured in Publication Evaluating New Vacation-Rental Insurance Model
March 26 2020 - 8:30AM
via NetworkWire —
InsuraGuest Technologies Inc. (TSX.V:
ISGI) today announces its placement in an editorial
published by NetworkNewsWire ("NNW"), one of 40+ brands in the
InvestorBrandNetwork (“IBN”), a multifaceted financial news and
publishing company for private and public entities.
To view the full publication, “Growing Vacation Industry Fosters
Demand for Integrated Support Services”, visit:
http://nnw.fm/Is8lC
The vacation-rental market is
growing. Valued at $87 billion in 2020, the industry is expected to
reach around $97 billion by 2023, as people make use of rentals to
get away from their day-to-day lives.
Any industry creates a need for
insurance, usually specialized to meet the needs of that market.
While some vacation insurance currently exists, gaps exist in the
coverage. These oversights leave holidaymakers and property owners
financially vulnerable. And so the question arises, how can these
gaps be covered?
New challenges require new business
models, and that’s what InsuraGuest Technologies Inc.
(TSX.V: ISGI) provides for vacation-rental insurance. A
true insurtech company, InsuraGuest provides the two essential
parts designed to ensure insurance coverages for vacation rentals:
the insurance itself and a reliable, easy way to access that
insurance.
About InsuraGuest Technologies Inc.
InsuraGuest Technologies, Inc. (TSX.V: ISGI) is a world-leading
SaaS (Software-as-a-Service) company that utilizes its proprietary
insurtech (insurance + technology) flagship software, InsuraGuest,
to deliver custom Hospitality Liability coverages through its
wholly owned subsidiary, InsuraGuest Risk Purchasing Group, LLC.
Through the combination of InsuraGuest’s integrated software and
custom coverages, guests benefit from the property having
InsuraGuest if there are losses during their stay. InsuraGuest
coverages are purchased by the hotels and vacation rental
properties, which can address claims from guests and their room
occupants during their stay. The InsuraGuest Hospitality Liability
coverages insert a layer of protection on a primary basis should a
guest or their room occupants experience an accident and/or theft
during their stay at a hotel or vacation rental property.
For more information, visit the company’s website
at www.InsuraGuest.com.
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Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
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