Swiss Re’s iptiQ and ImmoScout24, Germany’s leading online real estate platform, are launching a loss-of-rent insurance product, which provides private landlords with protection against the financial uncertainties that can arise from tenancy agreements.
As an insurance partner, iptiQ offers ImmoScout24 customers coverage for the complete or partial loss of up to six months’ rent (including additional costs) or a maximum amount of €10,000 (US$11,927), with annual premiums starting at €40.90 (US$48.78).
Available in the German market, the product can be taken out with just a few clicks and is easily managed online. The insurance is valid for one year from the start of a new tenancy and can be canceled on a daily basis.
While ImmoScout24 acts as a registered agent for the product, all insurance-related aspects are covered by iptiQ, from the user journey to the issuing of policies, and the management of contracts to the settlement and payment of claims. This allows both partners to focus on their respective areas of expertise.
“With ImmoScout24, we have found the ideal partner in Germany to offer customers tailor-made household insurance products online precisely when it matters. Thanks to the seamless integration of our product into ImmoScout24’s digital ecosystem, customers can insure themselves against the risk of rent-related losses directly online and throughout the rental process,” commented Andreas Schertzinger, CEO of iptiQ EMEA P&C.
“The digital ImmoScout24 loss of rent insurance means that we can provide private landlords with an innovative service that makes renting out a property safer for them. Alongside our cooperation partner iptiQ, we can help make renting even easier, while minimizing the impact of losses,” said Ralf Weitz, managing director of ImmoScout24.
“This is particularly relevant if tenants experience difficulties meeting rent payments as a result of the COVID-19 pandemic – and other factors, of course,” added Weitz.
About iptiQ
Swiss Re’s iptiQ is a digital platform and white-label provider of property & casualty and life & health insurance. Its B2B2C business model, combined with the iptiQ platform, enable brands like ImmoScout24 to offer new digital insurance solutions to their customers. iptiQ aims to make insurance more accessible and affordable.
Source: Swiss Re
Topics Profit Loss Germany
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