Assurant Partners with Vacasa to Provide Protection for Vacation Rental Owners
February 02 2017 - 4:15PM
Business Wire
Assurant (NYSE:AIZ), a global provider of risk management
solutions, announces its partnership with Vacasa, the second
largest U.S. vacation rental management company, providing
liability coverage and property insurance for Vacasa’s
homeowners.
Assurant’s short-term accommodations protection program will be
available to the more than 4,600 U.S. homeowners in the Vacasa
network, offering up to $1 million in liability coverage and up to
$10,000 in contents coverage. Cost of the use-based coverage is
built into the rental transaction, to provide protection as needed
with each rental.
Assurant’s partnership with Vacasa comes as the company expands
its risk management expertise into the sharing economy.
“At Assurant, we’re focused on risk management across the
housing spectrum, and this is a great example of bringing that
expertise to a leader in the fast-growing vacation rental market,”
said Kunal Malhotra, vice president, Innovation, for Global
Specialty, a business unit of Assurant.
“At Vacasa, we manage vacation rentals in some of the most
desirable destinations across the U.S., Europe, Central and South
America,” said Vacasa founder and CEO Eric Breon. “Our partnership
with Assurant bridges an important gap, as many home insurance
policies don’t cover rental use. With Assurant, our homeowners are
protected, and can enjoy peace of mind while guests enjoy their
houses.”
The Vacasa partnership is the latest in a series of
technology-based innovations in risk management from Assurant,
which also safeguards millions of electronics owners, car- and
home-sharing clients, and small package shippers.
About Vacasa
Vacasa is the second-largest U.S. technology-enabled
full-service vacation rental company. Leveraging proprietary
technology, Vacasa drives revenue for homeowners and provides a
seamless experience for guests. Founded in 2009 and based in
Portland, Oregon, Vacasa manages a growing portfolio of more than
5,100 vacation homes in the U.S., Europe, and Central and South
America. In seven years, Vacasa has grown from two to more than
1,400 employees, has been honored as the Oregon Better Business
Bureau Large Business of the Year and was ranked ninth on the Inc.
5000 Fastest-Growing Companies list. For more information, visit
https://www.vacasa.com.
About Assurant
Assurant, Inc. (NYSE: AIZ) is a global provider of risk
management solutions, protecting where consumers live and the goods
they buy. A Fortune 500 company, Assurant focuses on the housing
and lifestyle markets, and is among the market leaders in mobile
device protection; extended service contracts; vehicle protection;
pre-funded funeral insurance; renters insurance; lender-placed
homeowners insurance; and mortgage valuation and field services.
With approximately $30 billion in assets and $6 billion in
annualized revenue as of September 30, 2016, Assurant is located in
16 countries, while its Assurant Foundation works to support and
improve communities. Learn more at assurant.com or on Twitter
@AssurantNews.
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version on businesswire.com: http://www.businesswire.com/news/home/20170202006297/en/
Assurant Media:Assurant Inc.Robert Byrd,
770.763.2319Senior Director,
Communicationsrobert.byrd@assurant.comorVacasa
Media:VacasaSarah Tatone, 971.409.2061Director of Public
Relationssarah.tatone@vacasa.com
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