New York, NY (Nov. 20, 2023) \u2013 Oyster, a modern insurance platform for commerce, is pleased to announce that it has launched a new rental insurance product. This offers the first usage-based rental insurance program in the U.S., providing rental shops and marketplaces with theft and damage coverage for their rental bikes, ebikes, kayaks, and paddleboards through Oyster\u2019s modern platform.<\/p>\n
\u201cThe expanding rental market presents risk challenges for businesses due to the distinct nature of renting an item,\u201d said Vic Yeh, Co-Founder and CEO at Oyster. \u201cLeveraging Oyster\u2019s tech-driven underwriting platform, we are now able to provide comprehensive coverage for the rapidly growing rental market.\u201d<\/p>\n
Oyster\u2019s rental insurance enables businesses to safeguard their rental assets for rental, lease, and subscription. Its usage-based pricing model ensures that riders or businesses only pay for insurance during the duration of the rental. The coverage encompasses protection against theft, damage, and natural disasters, spanning from a single day to over a year. Integrated seamlessly into Oyster\u2019s platform, businesses can effortlessly offer this coverage to their customers with a user-friendly interface and a real-time digital experience.<\/p>\n
Rental businesses interested in learning about Oyster\u2019s rental insurance product can learn more at withoyster.com\/rental-insurance<\/a>.<\/p>\n Oyster is an insurance technology company that provides a fully integrated suite of insurance products and services for consumers and merchants. Merchants use Oyster to offer insurance to consumers at the point-of-sale, manage business insurance, and improve operational efficiency with software toolings. Consumers use Oyster to obtain personal insurance in a seamless purchase journey and manage their policies in one stop. Oyster is backed by leading investors including New Stack Ventures, Global Founders Capital, Conversion Capital, and Cambrian Ventures. For more information, visit www.withoyster.com<\/a>.<\/p>\n * Insurance described is offered by Oyster Insurance Agency, LLC. The program is being underwritten by Great American Insurance Company, Great American Assurance Company and Great American Spirit Insurance Company, authorized insurers in all 50 states and the DC, 301 E. Fourth St., Cincinnati, OH 45202. Only the lessor\u2019s interest in the leased equipment is protected.<\/em><\/p>\n SOURCE: Oyster Technologies<\/em><\/p>\n Tags: launch<\/a>, platform<\/a>, United States (USA)<\/a>, Usage-Based Insurance (UBI)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" New York, NY (Nov. 20, 2023) \u2013 Oyster, a modern insurance platform for commerce, is pleased to announce that it has launched a new rental insurance product. This offers the first usage-based rental insurance...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21057"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21057"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21057\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About Oyster<\/b><\/h4>\n