Slice has released their first on-demand insurance product for homeshare hosts using platforms like
Funded earlier this year, Slice built technology to support the purchase of insurance policies that last for the period of time one is acting as a business, whether it’s minutes, hours or days. Buying insurance in this manner allows the ultimate freedom for those working in the on-demand economy to choose how, when and where to work, while transferring the burden of risk conveniently and affordably. A person pays for the insurance as they earn their income choosing to purchase only when and how they need it.
“Many people working in the on-demand economy do not realize their risk and the fact that they’re simply not covered through conventional means,” said
The first product applies to homeshare hosts renting their homes on various homeshare platforms. Removing friction typically associated with buying a homeowners policy, coverage is added automatically or with a tap on the Slice mobile application. The Slice insurance policy covers the time period the host is renting their home - a day, three days, whatever the timeframe may be.
“As a digital insurer it was important for us to have full underwriting and claims authority so that we could completely re-imagine the homeowner insurance experience,” said
The Slice Homeshare Product:
- On-demand customized commercial insurance policy purchased via app or online
- Primary insurance - no requirement to report claims to another insurer
- Commercial liability coverage limit of
- Full replacement cost coverage for the home, other structures and contents
- No limit to the number of covered properties
- Manage coverage, claims and notifications in app
Slice’s on-demand homeshare product has been released as a private beta to select homeshare hosts in
Slice is backed by
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