What:
Swiss Re’s iptiQ and ImmoScout24, online real estate platform, are launching a loss of rent insurance product that integrates seamlessly into ImmoScout24’s digital ecosystem.
Why:
Nearly 65% private landlords have experienced irregular, incomplete or missing rent payments, however, 90% of them do not have any loss of rent insurance. The digital loss of rent insurance protects private landlords from financial uncertainties that can arise from new tenancy agreements.
How:
- As an insurance partner, iptiQ is now offering ImmoScout24 customers a digital loss of rent insurance product and giving added security to private landlords.
- If there are difficulties with rent payments, the insurance will cover the complete or partial loss of up to six months’ rent (including additional costs) or a maximum amount of EUR 10,000, with annual premiums starting at EUR 40.90.
- The insurance is valid for one year from the start of a new tenancy and can be canceled on a daily basis.
- This loss of rent insurance product is offered under the ImmoScout24 brand and is closely integrated into the online real estate platform’s digital ecosystem.
- While ImmoScout24 acts as a registered agent, 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.