Cover Genius Partners with RMS Cloud to Launch Damage & Liability Cover For Holiday Park Operators
The co-created offering allows holiday parks to seamlessly offer liability and property coverage within their property management system.
Cover Genius, the insurtech for embedded insurance that protects the global customers of the world’s largest digital companies, has announced a partnership with RMS Cloud, a leading property management system for parks, holiday parks and campgrounds.
RMS Cloud and Cover Genius collaborated to create Damage & Liability Cover, a first-of-its-kind solution designed to address the specific needs of holiday park residents. The partnership integrates XCover, Cover Genius’ award-winning global distribution platform, into RMS Cloud’s property management software allowing holiday park operators to seamlessly offer mandated liability and natural disaster coverage that also covers short term rentals, with optional upgrades based on property values and contents and customer-friendly features like price beat guarantees. Importantly, it also automates the audit process for park operators and residents, ensuring that operators get peace of mind knowing their park and their customers are fully protected when things go wrong.
“As the short term rental market continues to grow, holiday park operators are facing a unique set of problems that aren’t always covered by traditional insurers,” said Angus McDonald, Co-Founder and CEO of Cover Genius. “That’s why we partnered with RMS Cloud to create a tailored offering that addresses the needs of park operators and their residents. In a single platform, both parties can now rent, manage and protect properties seamlessly.”
Research shows consumers are highly interested in embedded insurance offers, with convenience as a primary motivator. By embedding Damage & Liability Cover into its software, RMS Cloud is able to streamline the property management experience for holiday park operators and automate compliance functions involving mandatory insurance that are otherwise manual and cumbersome. If something goes wrong, all parties can take comfort that repairs, replacement and remediation are controlled by the award-winning XCover platform that delivers an industry-leading post-claim NPS of +65‡.
“At RMS Cloud, we leverage state of the art technology to create an exceptional property management solution for the holiday park industry.” said Peter Ferris, CSO at RMS Cloud. “Our partnership with Cover Genius expands our capabilities into insurance, without the complications of traditional insurers and the manual effort of auditing mandatory coverages. Cover Genius helped us create a solution that is flexible and benefits holiday park operators, property owners and guests, while also relying on existing billing relationships. We’re thrilled we can protect residents and provide chart-topping claims support through the easy to use RMS Cloud platform.”
XCover is now integrated into RMS Cloud.
ABOUT Cover genius
Cover Genius is the insurtech for embedded insurance that protects the global customers of the world’s largest digital companies including Booking Holdings, owner of Booking.com and Agoda, Intuit, Skyscanner, Ola, and Descartes ShipRush. We’re also available at Amazon, Flipkart, eBay, Wayfair and Shopee. Cover Genius’ vision is to protect all the customers of the world’s largest online companies through XCover, an award-winning global distribution platform for any line of insurance or warranty, with an API for instant claims payments that holds an industry-leading NPS of +65‡.
Cover Genius and partners co-create solutions that embed protection that’s licensed or authorized in over 60 countries & all 50 US States.
About RMS Cloud
RMS delivers scalable, cloud technology trusted by more than 6,500 properties across 60 countries to manage, operate and grow hospitality accommodation businesses. As an innovative market-leader for over 35 years, RMS has unparalleled expertise and insight informing the constant evolution of our robust and fully integrated platform. Our comprehensive suite of native features and broadening product offer enables operators to increase revenue, streamline operations and engage and retain loyal customers.
RMS’s innovative approach drives our expanding reach into global markets, and our focus on constant improvement and customer experience positions our product as a key partner with properties of all sizes – including groups looking to optimise multi-national enterprises. We are the world’s fastest growing property management software for good reason and our dedicated global teams strive to achieve more for our customers every day.
Join us at the forefront of hospitality technology.
Visit www.rmscloud.com or follow us @rmscloud on social media.