Pikl provides specialist insurance solutions tailored for property hosts and owners utilizing short-term rental platforms. The company designs flexible coverage packages to address gaps often found in traditional policies for sharing economy activities. This results in comprehensive protection for risks associated with renting property to various guests.
Funding
$16.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional insurance policies often fail to adequately cover the unique risks associated with short-term rentals and the sharing economy, leaving property owners vulnerable to financial losses from incidents like theft or property damage caused by guests. Standard homeowner's insurance may not extend coverage to paying guests, creating a gap in protection for hosts using platforms like Airbnb and VRBO.
Solution
Pikl provides specialized insurance solutions designed to address the specific needs of hosts and property owners participating in the sharing economy. Their flexible policies offer comprehensive coverage for risks associated with short-term rentals, including malicious damage, theft, and liability. Pikl's insurance products can supplement existing homeowner's policies or replace them entirely, providing tailored protection for various hosting scenarios. By understanding the nuances of the sharing economy, Pikl ensures that hosts can confidently rent out their properties without being underinsured.
Target Audience
Pikl's primary customers are individual property owners and hosts who rent out their spaces on platforms like Airbnb, VRBO, and other short-term rental services, as well as owners of holiday homes.
Features
- Flexible coverage options to top up existing insurance or replace it entirely
- Policies tailored for short-term rentals on platforms like Airbnb and VRBO
- Protection against risks such as malicious damage and theft caused by guests
- Coverage for various types of guests, whether staying for work or leisure
- No time limits on rental periods, allowing hosts to maximize hosting opportunities