The insurtech company Roamly launched its new professional insurance product for the rapidly growing market of professional RV rental companies worldwide. Wheelbase, the professional software product for RV fleet operators, will now embed Roamly into its software to help make insurance simple and economical.
The partnership offers Roamly, the only tailored RV insurance product, directly to commercial RV rental operators, tour companies and booking agencies. In addition, Roamly is made available directly from the software for any consumer who books trips and vacations through a rental company utilizing the Wheelbase software.
With embedded digital insurance, commercial RV operators and their customers no longer must navigate insurance solutions that can be costly, cumbersome and complex. Roamly also includes trip cancellation coverage and interior damage coverage for renters. Roamly also provides benefits that reimburse the traveler for unused, prepaid and non-refundable insured travel arrangements.
Aaron Ammar, Roamly chief insurance officer, said commercial RV rental operations have grown worldwide and attributed it to people wanting to travel. Ammar called Wheelbase a dominate member of the professional market.
“This partnership made logical sense for consumers who want an easy-to-book and fully protected trip without the arduous task of sorting out insurance with agents and brokers,” said Ammar.
Fleet operators can focus on customer operations without chasing insurance products through insurance carriers, which are commonly expensive and complex to purchase, according to Roamly. Operators utilizing Wheelbase software and Roamly insurance include Road Adventures by Mark Wahlberg, a rapidly expanding RV rental business in Ohio partially owned by Hollywood actor Mark Wahlberg.
Chris Haydocy, Road Adventures by Mark Wahlberg managing member, said fleet insurance is a priority for rental businesses.
“It can be a bit gut wrenching to hand your keys over to a stranger,” Haydocy said, “and hope they will properly care for your unit. However, utilizing Roamly insurance for both our renters and our company has cultivated a peace of mind for us. The transition was seamless and simple, and the Wheelbase team was there to help every step of the way.”
Commercial rental operators are growing rapidly thanks to Wheelbase, Ammar said, and they are desperate to find insurance products that protect their fleets while also protecting consumers who are engaging in travel and outdoor activities.
“Our new Roamly protection product comes at a time when the world is beginning to open up again,” Ammar said, “and yet the insurance industry has not kept pace with RV and campervan travel which has now become mainstream.”
Roamly has grown rapidly over the past year. Having recently come out of beta, it has already produced more than $7M in written premium.
“The unquenchable consumer interest for travel is felt across the globe and has put great demand on commercial rental operations, which has created greater opportunities for Roamly to support and fill the gaps in professionalized insurance coverage,” Ammar said. “Our team recognizes the importance of innovation, and the combined power of Wheelbase and Roamly enables RV rental professionals to focus more of their attention where it rightly belongs — on their customers.”
