Duuo by The Co-operators announces next step in cross-country expansion
TORONTO, April 11, 2019 /CNW/ - Today, Duuo, The Co-operators digital insurance brand, announced its launch into the Québec market, representing the latest evolution in the company's cross-country expansion. Short-term rental hosts in Quebec who rent their properties using popular platforms like Airbnb®, HomeAway®, VRBO® and others now have access to an on-demand, pay-per-use insurance that fills a growing need in the marketplace, providing greater flexibility for an expanding segment of the population who rent their homes as participants in the sharing economy.
"Following a successful launch in the other provinces, we're excited to finally bring the Duuo offering to Québec short-term rental hosts," says Robin Shufelt, Managing Director of Duuo. "Quebec is home to two of the leading short-term rental cities in the country and shows no signs of slowing down. Our goal is to make hosts feel more at ease when welcoming guests into their home, by providing the peace of mind that comes with using Duuo."
Studies show that one in five Canadians have rented their property in the past or would consider doing so in the future. Yet, more than 50 per cent of short-term rental hosts are unaware that many homeowners insurance policies do not cover losses or damage that could occur. Canada's first and only pay-per-use short-term rental insurance, Duuo, meets the evolving needs of Canadians by providing short-term rental hosts with an innovative protection plan that their existing policy may not cover. Duuo protects hosts for the full replacement cost of their home, vandalism, infestation, liquor liability, loss of income and more, through an easy online application.
To receive a quote, hosts can simply visit www.duuo.ca and input their location, property type, and contents limit. Duuo's advanced platform will then provide an estimated cost-per-night within seconds. After signing up for Duuo, the rest is easy – users can turn their policy on and off as needed.
Duuo was created by The Co-operators to both identify and fill gaps where Canadian's needs are not being met by traditional insurance models. The company will continue to develop and test innovative products in Québec and other major markets across Canada.
The Co-operators Group Limited is a Canadian co-operative with more than $41.7 billion in assets under administration. Through its group of companies, it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the Best Employers in Canada by Aon Hewitt and Corporate Knights' Best 50 Corporate Citizens in Canada. For more information, visit www.cooperators.ca.
SOURCE The Co-operators
For further information: Elizabeth Krock, Zeno Group Canada, [email protected]