Swiss Re’s iptiQ has partnered with ImmoScout24, Germany’s leading online real estate platform, on a loss of rent insurance product designed to protect against the financial uncertainties that can arise from new tenancy agreements.
As an insurance partner, iptiQ is offering ImmoScout24 customers a digital product that will cover the complete or partial loss of up to six months’ rent (including additional costs) or a maximum amount of €10 000, with annual premiums starting at €40.90.
The new loss of rent insurance is available on the German market, can be taken out with a few clicks and is managed online.
The insurance is valid for one year from the start of a new tenancy and can be cancelled on a daily basis.
“With ImmoScout24, we have found the ideal partner in Germany to offer customers tailor-made household insurance products online precisely when it matters,” said Andreas Schertzinger, CEO of iptiQ EMEA P&C.
“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.”
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,” Ralf Weitz, Managing Director of ImmoScout24.
“Alongside our cooperation partner iptiQ, we can help make renting even easier, while minimising the impact of losses. This is particularly relevant if tenants experience difficulties meeting rent payments as a result of the COVID-19 pandemic – and other factors, of course.”