Global RV rental company Outdoorsy announced the partnership of its insurtech business – called Roamly – with Spinnaker Insurance Co., a national property and casualty insurer licensed in 50 states and rated A- (Excellent) by A.M. Best Co., wholly owned by Hippo Holdings Inc. The partnership allows Roamly to offer RV owners year-round protection through its proprietary suite of insurance products.
Roamly provides digital insurance products for RV owners, eliminating the commercial exclusion clause that traditionally prevents online rental activity. Roamly’s mission to solve for more than just affordable RV insurance is enabled by Spinnaker, with a range of services that are best suited for customizing products to fit for modern consumer needs, the companies said. Through the partnership, Roamly will now offer policies that are tailored to fit its growing customer base of RV owners across the country who rent through the Outdoorsy platform or own an RV.
With the launch, Roamly’s proprietary RV insurance products are available in Utah, Colorado and Arizona.
“Our goal is to offer turn-key solutions for our customers to help cover all of their insurance needs. Through this new product offering, made possible by a partnership with Spinnaker, we’re going to be able to bring customers even more benefits and savings,” said Outdoorsy co-founder and CEO Jeff Cavins.
In partnering with Spinnaker, Roamly will provide an end-to-end offering to cover RV renters both on and off the Outdoorsy platform. Spinnaker’s platform enables Roamly to underwrite and sell insurance policies for RV owners from the initial application all the way through the handling of a claim. The partnership marks Spinnaker’s entrance into the fast-growing sector of RVs, and supports Roamly’s position as a leading provider of RV insurance — an area of the industry that has been lacking modern coverage and tailored policies fit for the customer.
“At Spinnaker, we’re an insurance-first company that deeply understands risk. Our insurance and technology solutions deliver a range of services that help high-growth businesses like Outdoorsy reach their full potential,” said Spinnaker’s President and CEO Torben Ostergaard. “With this partnership, Outdoorsy’s insurance platform, Roamly, is able to optimize their insurance operations and become more profitable and viable over time.”