Pikl partners with Prestige Underwriting on short-term products
Sharing economy specialist Pikl and Prestige Underwriting have signed a distribution partnership.
The agreement will provide managing general agent Prestige’s brokers access to the insurtech’s top-up insurance products via its Covernet portal.
Pikl explained that the products are geared towards those of Prestige’s broker partners that specialise in the short-term rental of rooms, whole properties or parking spaces.
Gap in the marketIt detailed that its products had been developed to address a gap in the market, as most standard home insurance policies will not cover short-term rentals.
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