Our global insurance distribution platform offers tailored insurance that meets the needs of proptechs, homeshare platforms and marketplaces and other software companies in the sector.
We’re the embedded insurance company for the world’s largest digital companies including Intuit and Booking Holdings who integrate XCover for landlords, renters, homeowners and title insurance – and similar products around the world – that boost revenue and customer satisfaction by offering a personalized, seamless insurance experience.
XCover’s enhanced protection drives resilience and happiness for any party in a property claim, as shown by the chart-topping post-claim NPS of +65 that comes with instant claim payments in 90+ currencies.
INSURANCE DESIGNED FOR PROPERTY INDUSTRY DISRUPTORS
The way people buy, sell, and rent out their properties has changed dramatically in recent years. As a result, landlords and homeowners need insurance that suits their situation and protects them against the risks that come with opening your doors to short or long-term tenants.
Our global insurance distribution platform lets you give peace of mind to property owners, with personalized, relevant policies that offer protection for the unexpected – such as accidental damage, theft, and vandalism – while covering all the ‘extras’ like repairs, replacements, delivery, and installation.
Insurance designed for the property industry means protection for the things your customers need. Like coverage for all types of accommodation – from apartments and houses to luxury estates and houseboats – and full liability and property coverage for landlords, plus optional coverage for landlords’ contents.
BENEFITS FOR PROPTECH & HOME SHARING BUSINESSES
By selling insurance directly to landlords and homeowners, you benefit from an ancillary revenue stream that turns insurance into a profit rather than a cost center. Our API dynamically bundles policies to drive the highest conversion each time, while subscription-based policies provide ongoing revenue and engagement opportunities to boost your bottom line further.
BUILT FOR EFFICIENCY
Our global insurance distribution platform is designed to maximize efficiency, with rental and landlord’s insurance that can be inserted into any booking path, including PMS, vacation rental, host management, and agency management software. And by utilizing incoming reservation data from the XCover API to generate coverage “on demand”, your insurance is tied to your platform rather than subsidizing a competitor’s service.
For short term rentals, our insurance framework drives down the total cost of listing by offering on-demand home insurance that is cross-subsidized by on-demand landlord’s insurance. This efficiency means you and your property are covered by one policy for exactly 365 days per year, rather than 365 for your home insurance and another period of time as a landlord.
THE FUTURE OF PROPERTY INSURANCE
As homesharing apps become household names and proptech companies disrupt established industry practices, traditional insurance is failing to meet the changing needs of landlords, homeowners, and renters.
With our global insurance distribution platform, you can offer relevant insurance policies that are optimized by our API for the greatest relevance and highest conversion. As a result, your business gains a competitive advantage, increased customer loyalty, and a boost to your bottom line.
SEAMLESS INTEGRATION & SUPPORT FOR THE LONG-TERM
We’re sure you’ve got enough on your plate, so we offer a straightforward setup that gets you up and running without disruption. Our RESTful APIs integrate seamlessly, and can be configured to fit your business requirements – so if you need to tweak any part of the sale or claim process, we can take care of it.
As for international operations and worldwide expansion, we’ve got you covered. We have insurance licenses in over 60 countries and 50 US states, deliver content in more than 40 languages, and make instant payments in 90+ currencies.
HAPPIER HOMEOWNERS, HIGHER REVENUE
We help businesses in the proptech and homesharing industries maximize revenue opportunities by offering customized insurance products directly to their customers. From homesharing apps to real estate agents, we make it simple to offer peace of mind and a seamless user experience, all while boosting your bottom line.