Press Release
Connected Insurance Unveils Groundbreaking Auto Insurance Solution for Turo Power Hosts
London, Sep 2024
Connected Insurance is proud to announce the launch of an innovative commercial fleet insurance solution tailored specifically for Turo Power Hosts, powered by its advanced insurance technology. This first-of-its-kind offering is revolutionizing the peer-to-peer car-sharing market by providing seamless coverage for Turo hosts when their vehicles aren’t being rented through Turo.
Unlike traditional insurance solutions that struggle to differentiate between various risks and usage scenarios, Connected’s platform integrates seamlessly with Turo. It offers Power Hosts a smart, data-driven insurance experience that adjusts in real-time to mitigate risks and reduce costs.
No GPS Tracker Required: The insurance solution does not require a GPS tracker, making it a hassle-free option for hosts. Early adopters are already seeing substantial savings, with some hosts cutting insurance expenses by up to 40%.
The solution offers comprehensive protection, including off-trip insurance coverage, which protects hosts from personal liability and physical damage while their vehicle is listed on Turo but not in use. This added layer of security provides hosts with peace of mind, kno wing their assets are safeguarded even when not on the road.
This advanced solution is attracting attention from several tier 1 insurance carriers, who are eager to join forces with Connected Insurance to support this game-changing model and explore its deployment across other Mobility-as-a-Service (MaaS) scenarios.
“We’re excited to bring this transformative insurance platform to the market,” says Tal Cohen, CEO of Connected Insurance. “Our solution not only delivers immediate savings but also simplifies the insurance process for Turo Power Hosts, offering a seamless, fully digital experience.”
The insurance is distributed by leading insurance brokers, with Connected Insurance providing the platform that enables this smart insurance program. Power Hosts interested in benefiting from this exclusive insurance program can learn more and apply here for US Market or for UK Market.
This partnership marks a new chapter in the mobility industry, as ConnectedInsurance.ai continues to drive innovation and bring unmatched value to its clients.
About Connected Insurance: Connected Insurance is a SaaS and technology provider. Insurance products and services are offered exclusively by Licensed Insurance Brokers. Connected Insurance does not provide insurance, underwriting, or brokerage services.
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