InsuraGuest Goes Live with Lightmaker Property Manager
InsuraGuest Technologies (TSXV:ISGI, OTCQB:ISGIF) has launched its insurance products on Lightmaker Property Manager (LMPM), a leading property management system for vacation rentals. Users can now purchase InsuraGuest's Hospitality Liability coverage directly through LMPM's marketplace. This integration allows for immediate protection against guest-related claims, including property damage and medical expenses, activated upon check-in. The coverage fee can be as low as $8.95 per night, enhancing InsuraGuest's market offering as it continues to innovate within the insurtech space.
- Launch of InsuraGuest's insurance products on LMPM expands market reach.
- Integrated API enhances user experience by simplifying coverage purchase.
- Coverage options address key risks for vacation rental operators, potentially boosting sales.
- Market acceptance of new products remains uncertain, risking financial resources.
- Competition in the insurtech industry could hinder growth and market penetration.
VANCOUVER, BC / ACCESSWIRE / October 20, 2021 / InsuraGuest Technologies, Inc.® (TSXV:ISGI)(OTCQB:ISGIF) ("InsuraGuest" or the "Company"), through its wholly owned U.S. hospitality subsidiary InsuraGuest®, is announce it has gone live with LMPM, one of the world's best property management systems for vacation rentals.
InsuraGuest Hospitality Liability coverages can now be purchased by users of LMPM, including professional hosts and property management companies, all of which may elect to use the InsuraGuest Hospitality Liability coverages by filling out an application for InsuraGuest within the LMPM marketplace. Once in use, the client will use InsuraGuest's insurance coverages on a primary no fault basis to address claims made by guests. Like gap insurance for the property and its manager, the InsuraGuest Hospitality coverage options will provide coverage for accidental property damage, theft of guests' personal property while at the rental, as well as accidental medical expenses and accidental death and dismemberment.
"We are excited to introduce our clients to the insurance products InsuraGuest offers," said Adrian Barrett, LMPM's CEO,
Reed Wright, President of InsuraGuest Technologies, stated, "It is a pleasure to work with a technology leader like LMPM. They are by far the most advanced technology savvy property management software on the market today."
Property Management System Integration
InsuraGuest has integrated with LMPM property management software through its proprietary API, which enables LMPM's Hosts to insert a layer of protection between their guests and their property for no-fault medical claims, property damage, and theft.
Short-Term Rental Operators
The short-term rental entity automatically attaches the InsuraGuest coverage to each reservation, which activates the coverage at check-in and de-activates it upon check-out. The complete fee for coverage and software can be as low as
About Lightmaker Property Manager (LMPM)
LMPM is a cloud-based, mobile-first and pre-scaled enterprise Property Management System (PMS) with flexible Trust Accounting. LMPM has been in development for more than 8 years and is seen as the fastest replacement for V12, Escapia, YesBookIt (YBI) and other legacy systems. LMPM is fully connected to all the major Online Travel Agencies (OTAs) - HomeAway/Vrbo, Airbnb, Booking.com, Expedia and Google.
LMPM has everything you need "all-in-one-box" and even comes with a full WordPress v5+ website for all your additional SEO and marketing content. We want at least
Learn more at https://lmpm.com/
About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies (TSXV:ISGI) is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to automatically attach its short-term rental insurance products to vacation rental reservations.
CA / LIC: 6001686
For more information, visit the company's website at: www.InsuraGuest.com
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. There is no assurance that this new business product offering or other planned products will be successful. The insurance industry is intensely competitive, and the Company's competitors have significantly more resources than the Company. Acceptance by potential customers is difficult to predict, particularly in the case of new products and disruptive technologies. If the Company fails to achieve market acceptance, this will significantly impact its results and financial resources. Achieving market acceptance may require advertising budgets that exceed the Company's current resources and require the Company to seek additional debt or equity financing. There is no assurance that such financing will be available at reasonable prices or at all.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Company Contact:
InsuraGuest Technologies, Inc.
Media Relations
Adam Handelsman
media@InsuraGuest.com
+1 646 413 9401
LMPM
info@LMPM.com
SOURCE: InsuraGuest Technologies Inc.
View source version on accesswire.com:
https://www.accesswire.com/668795/InsuraGuest-Goes-Live-with-Lightmaker-Property-Manager
FAQ
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