InsuraGuest Partners with Tokeet
InsuraGuest Technologies, Inc. (TSXV:ISGI)(OTCQB:ISGIF) has entered a strategic alliance with Tokeet, Inc., a leading vacation rental management software provider. This partnership allows Tokeet's 40,000 hosts to access InsuraGuest's unique supplemental insurance coverages, including primary no-fault medical coverage, enhancing protection for vacation rentals. InsuraGuest aims to leverage this collaboration to increase market reach and create shareholder value. The short-term rental entity automatically activates coverage for each reservation, streamlining the process for users.
- Partnership with Tokeet expands access to 40,000 professional hosts.
- InsuraGuest's coverage may reduce overall insurance premiums for users.
- Strategic alliance is expected to enhance shareholder value.
- Market acceptance of new insurance products is uncertain.
- Competition in the insurance sector poses significant challenges.
- Potential need for additional financing could strain resources.
A Vacation Rental Management Software Company
VANCOUVER, BC / ACCESSWIRE / December 7, 2021 / InsuraGuest Technologies, Inc.® (TSXV:ISGI)(OTCQB:ISGIF) ("InsuraGuest" or the "Company"), through its wholly-owned U.S. hospitality subsidiary InsuraGuest®, announce it has signed a vendor partnership agreement and strategic alliance with Tokeet, Inc.(Tokeet) vacation rental management software company.
InsuraGuest Hospitality Liability supplemental coverages, which include the only true no-fault primary medical coverage in the short-term rental sector, will soon be able to be purchased by users of Tokeet, including their 40,000 professional hosts and property management companies, which created over 100 million nights stayed last year, and is one of Airbnb's top suppliers.
Once in use, the Hosts will use InsuraGuest's supplemental insurance coverages before making a claim on their current homeowner/commercial tenant policy, within the policy limits.
"Tokeet prides itself on being one of the most integrated rental management platforms on the market. We have built an ecosystem of the best partners in this industry. Therefore, we are so excited to announce our new partnership with InsuraGuest." said Kwesi Steele, CEO of Tokeet. "InsuraGuest's supplemental insurance products, especially their primary no-fault medical coverage, will protect our hosts from claims made by their guests. Protection that could reduce their overall premiums on their current insurance policy."
Reed Write, President of InsuraGuest Technologies, stated," Tokeet is one of the oldest and largest vacation rental management software companies in the sector today, with online travel agency that include Airbnb, VRBO, and Booking.com. Our alliance with them will not only help InsuraGuest protect more vacation rental nights, guests, and hosts, but it will create tremendous shareholder value too."
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.
About Tokeet
Tokeet is a software company focused on the short-term rental market. Tokeet's mission is to empower anyone to launch, run and scale a successful short-term rental management business. Toket aims to provide the tools needed to start and grow a rental business, while making it cost effective for property managers of every level.
About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies (TSX.V: 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 and hotel 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
Tokeet, Inc.
support@tokeet.com
SOURCE: InsuraGuest Technologies Inc.
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https://www.accesswire.com/676255/InsuraGuest-Partners-with-Tokeet
FAQ
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