Generali announces seaside coastal offer
The travel insurance division of Generali Global Assistance has announced that it is to extend its suite of travel insurance plans to include the burgeoning seaside coastal segment. The new Seaside Coastal Travel Insurance offering will be available to property managers renting out coastal and other waterfront properties, and their guests.
This new segment is projected to be worth US$36.6 billion by the end of this year, and Generali is keen to capitalise on this opportunity, while at the same time offering an expanded solution. The customisable product has been designed specifically for those planning coastal ventures whatever the time of year, and includes benefits for rental car breakdown, lost sporting equipment, the closure of beaches due to contaminated water, coverage for the closure of an amusement park at a destination due to weather or mechanical breakdown, cover for hurricanes and other adverse weather, and various other tailored options.
“We are excited to introduce this new offering and provide additional coverage to … [this] significant segment of the industry,” commented Chris Carnicelli, CEO of Generali Global Assistance North America. “As the sharing economy and home rentals continue to increase in popularity, we see tremendous opportunities in this area and plan to continue raising our market presence with customised products and services.”