VANCOUVER, British Columbia (January 25, 2022) -- InsuraGuest Technologies, Inc.® (TSX-V: ISGI)(OTCQB: ISGIF) ("InsuraGuest" or the "Company"), announces it has signed Stand Out Hotels and Residences (Stand Out) to provide its hospitality liability products to their guests worldwide.
InsuraGuest's $10k accidental medical liability policy will automatically be added to each reservation for a small fee of $3.00US a night at any Stand-out Hotels and Residences worldwide. The policy covers accidental medical liability on a primary no-fault basis. It will protect Stand Out and its guests from any medical accidents that may occur on the premise of Stand Out's properties, within the policy limits.
"Stand Out Hotels and Residences always put our guest's needs first, and we will do whatever we can to help them feel comfortable and safe while staying at one of our properties, states Luis Cocco, CEO of Stand Out Hotels and Residences.
Reed Wright, President of InsuraGuest Technologies, stated, "This collaboration with Stand Out and their 3000 rooms will be a way to boost customer confidence and offer guests peace of mind when choosing one of Stand Out's properties to stay at for their vacation".
About Stand Out Hotels and Residences
Stand Out Hotels and Residences offers hotels and resorts infrastructure and know-how that allows them to outperform their local competitors, including properties belonging to global hotel chains. In today’s highly dynamic and rapidly evolving marketplace it is vital for independent hotels to have the right tools and support to become market leaders.
Through proven best practices and creative strategies, its team of experts increases REVPAR and GOPPAR for its hotels.
Its singular focus is to be the smartest and most productive soft brand solution for Caribbean tourism destination hotels and lifestyle travel properties. Trusted by guests and industry professionals, every hotel in any of its collections must achieve and maintain 100 points of quality.
«Stand Out Hotels and Residences is very owner-friendly, because that’s its lifeblood».
About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies (TSX.V: ISGI) is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to digitally provide insurance products to short term vacation rentals. CA / LIC: 6001686
For more information, visit the company’s website at: www.InsuraGuest.com
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. There is no assurance that this new business product offering, or other planned products will be successful. The insurance industry is intensely competitive, and the Company’s competitors have significantly more resources than the Company. Acceptance by potential customers is difficult to predict, particularly in the case of new products and disruptive technologies. If the Company fails to achieve market acceptance, this will significantly impact its results and financial resources. Achieving market acceptance may require advertising budgets that exceed the Company’s current resources and require the Company to seek additional debt or equity financing. There is no assurance that such financing will be available at reasonable prices or at all.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Stand Out Hotels and Residences
Founder and CEO
+1 226 280 2919
InsuraGuest Technologies, Inc.
+1 512 363 0594