New Industry-Defining Agreement Fuels First Dedicated Insurance Platform Designed For RV Rental Sharing
AUSTIN, Texas, October 4, 2021 / PRNewswire / – Outdoors, the world’s most trusted recreational vehicle rental and outdoor travel marketplace, today announced its insurance business Roamly has partnered with Spinnaker Insurance Company, a national property and casualty insurer licensed in 50 states and rated A- (Excellent) by AM Best Company, 100% owned by Hippo Holdings Inc. The partnership enables Roamly to provide RV owners with year-round protection through their exclusive line of insurance products.
With today’s launch, Roamly’s exclusive RV insurance products are available in Utah, Colorado, and Arizona.
Roaming provides digital insurance products for RV owners, eliminating the trade exclusion clause that traditionally prevents online rental activity. Roamly’s mission to solve more than just affordable RV insurance is made possible by Spinnaker, with a range of services that are best suited to customize products to meet the needs of modern consumers. Through this partnership, Roamly will now offer policies tailored to its growing customer base of RV owners across the country who rent through the Outdoorsy platform or simply own an RV.
“Our goal is to offer turnkey solutions to our clients to help them cover all of their insurance needs. With this new product offering, made possible by a partnership with Spinnaker, we will be able to bring customers even more benefits and savings, ”said Outdoorsy co-founder and CEO. Jeff Cavins.
In partnership with Spinnaker, Roamly will deliver an end-to-end offering to cover RV renters both on and off the Outdoorsy platform. Spinnaker’s platform allows Roamly to underwrite and sell insurance policies for RV owners from initial request to processing of a claim. The partnership marks Spinnaker’s entry into the rapidly growing recreational vehicle industry and supports Roamly’s position as a leading provider of recreational vehicle insurance, an area of the industry that lacked modern coverage and custom fonts tailored to the client.
“At Spinnaker, we’re an insurance-driven company that fully understands risk. Our insurance and technology solutions offer a range of services that help high growth companies like Outdoorsy reach their full potential, ”said Spinnaker President and CEO. Torben Ostergaard. “With this partnership, Outdoorsy’s insurance platform, Roamly, is able to optimize its insurance operations and become more profitable and viable over time.”
“We are delighted to partner with Spinnaker to continue to offer tailor-made insurance policies to RV owners,” said Roamly’s director of insurance. Aaron Ammar. “This new partnership allows us to better serve our customers with our own ‘ready to rent’ product and with better prices that allow rentals on market platforms. “
With today’s launch, Roamly’s exclusive RV insurance products are available in Utah, Colorado, and Arizona, with additional states soon to be rolled out. These dedicated products add to Roamly’s line of insurance products, including RV, home and auto insurance, already available in United States,
Outdoorsy is the world’s most trusted on-demand recreational vehicle rental and outdoor travel marketplace. Founded in 2015, we have offices around the world in the United States, Canada, Australia, France, and the United Kingdom. Our mission is to mobilize over 54 million unused RVs around the world to ensure everyone has access, choice and the ability to safely enjoy outdoor experiences and travel while empowering vehicle owners recreation to achieve life-changing financial benefits. For more information visit www.outdoorsy.com.
Roamly Insurance Group (Roamly) is owned by Outdoorsy, one of the largest and most trusted online marketplaces for RVs. Roamly is the world’s first RV-focused insurtech, unlocking RV insurance so owners’ vehicles are ready to rent. Roamly provides unique digital insurance products that eliminate the commercial use exclusion clause that prohibits online rental activity. Our insurance provides the clarity owners need to make sure their vehicles are authorized for rental on platforms like Outdoorsy. For more information visit www.roamly.com.
Spinnaker Insurance Company is a national property and casualty insurer rated A- (Excellent) by AM Best Company. With the ability to offer insurance products accepted in 50 states and the District of Colombia, Spinnaker uses program administrators and managing general agents to access niche markets, focusing on short-tail activities (with a focus on owners, tenants and small businesses), some specialized lines and frontage opportunities. Learn more about www.spinnakerins.com.
Spinnaker is the exclusive property of Hippo Holdings Inc. For more information, including licensing information, visit www.hippo.com.
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