New Norwich insurance broker targets growing sharing economy
A new Norwich insurance broker is hoping to target the burgeoning sharing economy with a “new brand of product”.
Inlet has designed its product range to cater to AirBnB hosts and parking space rentals, including host insurance for homeowners and landlords, house swap cover, landlord protection and parking host cover for people letting their driveways or garages.
The company was founded by Louise Birritteri, former head of pricing at Co-op Insurance.
She said: “The sharing economy has really taken off in the last couple of years but what people don’t realise is that, in most cases, their standard home or landlord insurance policy won’t cover them for losses or their liability for these types of short term letting activities.”
Inlet is launching with 10 products – designed to work alongside standard home and landlord policies – and plans to grow this to 35 through 2018.