SALT LAKE CITY--(BUSINESS WIRE)--InsuraGuest, Inc.®, announced today a strategic relationship with Venture Insurance Programs® , in the United States, to provide hotels with specialized insurance coverage for guests who are staying in the hotel utilizing InsuraGuest’s proprietary InsurTech software.
InsuraGuest’s API integrates with approximately 70 different hotel property management systems, with access to about 40,000 hotels worldwide. Upon integration, the InsuraGuest software helps hotels transfer their exposure to liability by offering specialized hotel guest protection policies.
The InsuraGuest coverage will be purchased by the hotel and offered to each registered guest and all of their room occupants upon check-in. A charge is placed on the guest’s folio as a separate line item and paid for by the guest. The specialized policy affords coverage for theft of personal property while in the hotel as well as accidental medical expense and accidental death and dismemberment.
“InsuraGuest is unlike any other InsurTech product on the market, offering protection for guests from the moment the guest checks in to the moment they check out,” said Douglas Anderson, chairman and chief executive officer of InsuraGuest, Inc. “We can’t wait to share our unique software integration and product offering with the lodging marketplace.”
“We are very excited for this InsuraGuest coverage to be available to hoteliers,” said Philip J. Harvey, Sr., Venture Insurance Programs' president. “InsuraGuest may be the first line of defense for both the guest and the hotel when an accident occurs. While trip insurance covers guests when traveling to and from their destination, InsuraGuest offers protection during their stay, helping hotels create an even better guest experience.”
With InsuraGuest, hotels purchase a policy to cover each registered guest including their room occupants, up to the policy limits of $2,500 to $50,000, through the hotel. Specifically, an InsuraGuest policy will cover:
- Guest personal property
- Accidental medical expenses
- Accidental death and dismemberment
Venture Insurance Programs will administer the InsuraGuest product for hotels in all 50 states and the District of Columbia on an admitted basis through Great American Insurance Group, rated “A+” (Superior) by A.M. Best Company.
About Venture Insurance Programs
Venture Insurance Programs is a leading program administrator that designs, underwrites and distributes industry-specific insurance packages. Based in West Chester, Pa., Venture has underwriting alliances with the world’s leading carrier groups, including Chubb, Allianz, Allied World, RSUI, USLI, Zurich North America, Monitor and Lloyd’s of London. Founded in 1993, Venture serves select industries—including golf and country clubs, golf destination resorts, hotels and resorts, commercial marine, fitness, wellness and spas, hunting and fishing lodges and city and social clubs.
About InsuraGuest. Inc.
InsuraGuest, Inc. is a SaaS (Software-as-a-Service) company, utilizing its proprietary flagship InsurTech software, InsuraGuest, which integrates with the hotels’ Property Management System, and helps hotels transfer their exposure to liability by offering a specialized hotel guest protection policy. Through the InsuraGuest insurance program, hotel guests benefit from potential accident and loss coverage during their hotel stay, while providing the hotel an additional profit center.