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 Clouds 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.
Written by: Jill Walsh
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