Proven in 2005 instaCOVER, a Kirkland, WA primarily based insurance plan company and technologies system, offers specialized insurance plan for leased and financed gear.
BOSTON–(Business enterprise WIRE)–One80 Intermediaries (One particular80), a specialty coverage broker headquartered in Boston, nowadays declared that it has acquired instaCOVER, an unbiased insurance coverage company and technology platform specializing in position of sale insurance coverage for commercial products, healthcare, rental equipment and other marketplaces. Terms of the offer ended up not disclosed.
instaCOVER’s customizable insurance coverage applications involve financed gear insurance plan, titled motor vehicle defense, rental waivers and non-financed / owned equipment insurance policies, as very well as professional medical devices and digital radiography insurance plan, digital radiography warranties, and digital radiography support contracts. Protection is furnished at the point of sale or lease and fees are proven for the duration of enrollment irrespective of claims action.
– Ad –
Furthermore, instaCOVER features a internet-primarily based platform intended to simplify the approach connected with acquiring an insurance coverage quote and binding a coverage. The bespoke technology delivers the overall flexibility to make and custom-made insurance plan alternatives for brokers and clientele.
“I have been pretty amazed with the ground breaking system and insurance coverage solutions created by the instaCOVER crew,” reported Matthew F. Electricity, President, A person80 Intermediaries. “I look ahead to growing into the leasing field and further supporting instaCOVER at the crossroads of technological know-how and industrial insurance,” he ongoing.
“Since our inception, the instaCOVER group has thrived on discovering techniques to make insurance policies easy. With that we experience that joining the One80 platform will enable us to continue on to establish custom-made remedies for funders, brokers, suppliers, dealers, distributors, and rental houses,” mentioned Colleen Shelby, Running Director, A person80 Intermediaries. “We are thrilled to sign up for A single80,” she continued.
About Just one80 Intermediaries
A person80 Intermediaries is a privately held firm with places of work during the US and Canada. As a leading insurance policies wholesaler and method supervisor, the enterprise delivers placement companies and binding authority for home & casualty, professional and own traces, lifestyle insurance policy, and vacation/accident and health and fitness coverages. A single80 specializes in critical sector verticals these kinds of as professional medical stop loss, hashish captives, alternate risk, guarantee coverage and loan company-dependent insurance policy. A person80 serves industrial companies, non-earnings, community entities, folks and associations and unions, and has entry to all important insurance policies marketplaces in the US, Canada and British isles. 180 has offices in far more than 40 places in the US and Canada. For much more information take a look at www.180intermediaries.com.
Lenika P. Milne