According to a press release, a major roadblock to the outdoor travel sharing economy has been insurance protection for the owner, the renter and the platform. The Liberty Mutual and Outdoorsy partnership offers new product offerings, allowing owners to turn their idle RV into profit centers by earning upwards of $50,000 in supplementary income with insurance protection at no extra charge.
Renters select from an array of coverage packages that include multiple levels of liability, comprehensive and collision protection, 24/7 roadside services, trip protection, travel and concierge vacation planning services.
“At Outdoorsy, we aren’t just looking to create the next ‘big thing’ in the sharing economy, we want to develop greater trust and safety for our community of passionate outdoor enthusiasts who want to connect and share their outdoor travel experiences with the world,” says Jeff Cavins, Outdoorsy CEO. “With our Liberty Mutual partnership, we have expanded and introduced a range of new coverage solutions for millions of travelers. This removes a major barrier for consumers, increases coverage for owners, while making one of the most complicated parts of the rental experience, choosing insurance, simple and turnkey for our customers.”
The company released new coverage tiers tailored to a broad range of consumer needs, giving them the ability to increase their coverages, reduce deductibles, as well as add trip protections and vacation financing options. They also combine Outdoorsy’s renter support options with tiered insurance protections.
All coverages can be upgraded to include interior damage insurance, trip cancellation insurance, and vacation financing to make for the safest vacation experience imaginable.