Oyster’s rental insurance coverage is designed to guard enterprise rental belongings for numerous preparations, together with rental, lease, and subscription. The usage-based pricing mannequin ensures that riders or companies solely pay for insurance coverage in the course of the precise rental interval. The protection extends to incorporate safety towards theft, harm, and even pure disasters, with versatile durations starting from a single day to over a yr.

The providing gives theft and harm protection for rental bikes, ebikes, kayaks, and paddleboards, catering particularly to rental retailers and marketplaces by means of Oyster’s trendy and tech-driven platform.

“The increasing rental market presents threat challenges for companies as a result of distinct nature of renting an merchandise” mentioned Vic Yeh, Co-Founder and CEO at Oyster. “Leveraging Oyster’s tech-driven underwriting platform, we at the moment are capable of present complete protection for the quickly rising rental market.”

Built-in seamlessly into Oyster’s platform, the rental insurance coverage providing gives companies with a user-friendly interface and a real-time digital expertise. This permits rental companies to effortlessly supply complete protection to their clients, enhancing the general rental expertise.