Short stay business now risk free with HostProtect

Tune Protect Malaysia and short stay management company, HostAStay launch HosProtect, a one of a kind insurance plan aiming to safeguard homeowners and hosts who utilize the HostAStay platform to manage their short stay businesses. Short-stay accommodation has revolutionised the global and local hospitality. The sharing economy in Malaysia is estimated to be worth between US$10 to US$14 billion by 2025, creating 1.2 million jobs.

HostAStay helps connect these vibrant communities of homeowners and guests to provide more choices and to deliver memorable experiences. HostAStay which now comes with HostProtect makes the business both hassle and risk free. In developing HostProtect, Tune Protect Malaysia worked closely with HostAStay who shared valuable insights and top concerns homeowners face in the short-stay business.

At the top of the list was fear of loss and damage to home contents. This concern has also led to many homeowners deciding not to participate in this short-term sharing economy altogether. Another concern was safety of guests and other third parties while staying in the said properties. The fear of possibly being sued for accidents from an unintended oversight could lead to more trouble than gain.

Khoo Ai Lin, Chief Executive Officer of Tune Protect Malaysia says, “In line with one of our key strategic areas of tying up with affinity partners to acquire critical mass on retail business, Tune Protect Malaysia is proud to work with a progressive company such as HostAStay to offer another innovative value-added insurance plan to customers, giving them peace of mind. We took great effort to ensure HostProtect meets the needs of hosts and homeowners enabling them to enhance their businesses by mitigating their risk.”

HostProtect allows homeowners to enjoy peace of mind with a plan that protects them against any loss or damage to the contents in their properties of up to RM 30,000 per household. The plan also covers their legal liability to guests and third parties in an event of an accident caused by or through their own negligence of up to RM50,000.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

MyIX: MoT are ‘unsung heroes’ of Malaysia’s growing competitiveness as a regional tech hub

The Ministry of Transport (MoT) should be applauded for their commitment in ensuring that Malaysia’s internet infrastructure, particularly submarine fibre optic  cables,...

Bank Muamalat Approved 100% SME Payment Assistance Applications

With Covid-19 surge currently being experienced by the country seeing no sign of abating, many SME's who were already struggling during MCO...

Weekend Golf Getaway in Horizon Hills and Ponderosa

With Covid-19 looming, overseas travel is far and beyond anyone's wishes at the moment, but for frequent travelers keeping oneself locked up...

Coach Inspired By NYC Skyline

This holiday, Coach is updating its seasonal collection with the joyful release of its Coach 2020 Holiday Collection – the designs are...

Maxis Makes Top Management Changes After CTIO Departs

Maxis is seeing major changes in its top management, starting with the departure of its Chief Technology and Information Officer (CTIO), Morten...

Must read

Revitalise the property market for the benefit of all Malaysians

By Wong Siew Lai, General Manager – Malaysia and General Manager - Marketing & Communications, iProperty.com Malaysia Sdn Bhd

Underemployment anxiety needs to be given serious attention

By Sofea Azahar, It is very unfortunate to witness that the unprecedented twin crisis – health and economic –...

How 5G can help us build the urban future

Sunway Group is leading the way to create smart and sustainable cities with great potential As centres of...

IDEAS Opines Business And Economy Will Be Hampered If Parliament Were To Be Suspended

The Institute for Democracy and Economic Affairs (IDEAS) is troubled by several reports that a state of emergency is expected to be...