NEW YORK -- (BUSINESS WIRE) -- Slice Labs Inc., a technology startup that launched the first on-demand insurance platform in the United States, today announced it has expanded the availability of its homeshare preview release to include five additional states: Colorado, Maryland, Massachusetts, Texas and Washington.
Leveraging a successful launch in Iowa, Slice expanded to Maryland and Colorado late last year, and is now adding Massachusetts, Texas and Washington. According to available homeshare data for states with the most rental activity, the additional five states translates to Slice now doing business in four of the top eight states.
Since first introducing the homeshare product in Iowa in October 2016, Slice has received requests for access to the preview release from every state in the US, as well as requests from 50 countries.
“The immense amount of interest, enthusiasm and requests for coverage are strong evidence of the readiness of the on-demand economy for this type of product and the significant and rapidly growing demand,” said Tim Attia, CEO and co-founder of Slice. “Working closely with our preview release users in the first three states has helped us to continue to refine both the product and user experience. We are gathering more data each day which will help us to gain an even better understanding of this new risk,” added Tim.
In an effort to continue to refine the product and its delivery and support, Slice has taken a grassroots approach to solicit real-time feedback by attending homeshare host meetups, and by individually onboarding each preview release customer.
Offering coverage for a room in a house or condo, or coverage for the entire residence, the Slice homeshare product is both proprietary and the most comprehensive in the market; with commercial liability coverage limits of $2M, full replacement cost value of the home, and low or no deductible coverages. And to meet each specific homeshare owner’s needs, Slice coverage includes 18 Slice exclusive coverages, including income replacement.
Slice has removed the friction associated with purchasing homeshare insurance with the use of data and algorithms to allow for purchase of comprehensive coverage in a couple clicks, with the coverage in effect in minutes.
Slice is backed by Horizons Ventures, XL Innovate, Munich Re and Tusk Ventures, and is headquartered in New York City.
Slice Labs Inc. is a startup technology company that provides an on-demand, pay-per-use insurance platform that is cost-effective, easy to acquire with a tap, and provides superior coverage. Slice is reimagining insurance through design, data, and technology. To stay up to date with Slice, visit http://www.slice.is and follow @SliceLabs on Twitter.