Insuranceciooutlook

Arbol and RealTimeRental Join Forces to Launch the First Parametric Weather Protection Program for Vacation Rentals

Insurance CIO Outlook | Monday, July 19, 2021

If it rains continuously for more than half of the renter's holiday, the Arbol-RTR weather security software automatically refunds the renter's selected coverage number.

FREMONT, CA: Arbol, a parametric weather protection provider, revealed earlier that it has collaborated with RealTimeRental (RTR), the first cloud-based vacation rental and property management software platform, to provide the first parametric weather protection scheme for vacation rentals.This first-of-its-kind program will provide vacation renters with an easy way to protect their vacation from rain.

"We are excited to partner with RealTimeRental to offer a program that leverages Arbol's cutting edge technology and hyperlocal, real-time weather data to give property managers the ability to offer rainfall protection to their renters," said Sid Jha, founder, and CEO of Arbol. "By basing settlements on objective weather data, we can help vacation property managers differentiate their spots and offer their clients peace of mind that their vacation will be protected."

"We are pleased to partner with Arbol to give RealTimeRental clients the opportunity to offer weather protection for the vacation rental industry. The parametric weather protection is a unique product that fills a need in the vacation rental industry. Through this partnership, we are excited to offer property management companies the ability to keep their rental guests happy in the case of inclement weather during their vacation and help differentiate their properties," said Joe Testa, Co-Founder RealTimeRental.com.

If it rains for more than half of the renter's holiday, the Arbol-RTR weather security software automatically refunds the renter's selected coverage number. If it rains continuously four or more days over a seven-day holiday, the renter receives a refund.All RealTimeRental customers will be able to take advantage of the service right away.

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