#None #Denver #Protect+ #trailer rental #Towlos

Towlos Unveils 'Protect+' Insurance Coverage for Trailer Rentals

In an effort to enhance user confidence in the trailer rental market, Towlos has launched an innovative insurance program called 'Protect+.' This new coverage aims to address a pressing concern among both trailer owners and renters regarding accidental damage costs.

Towlos, a leader in the peer-to-peer marketplace for trailer rentals, connects owners directly with renters, allowing them to turn underutilized assets into income streams. The launch of Protect+ comes as a response to the growing demand for reassurance in rental transactions.

The Need for Protect+

As highlighted by Towlos's Founder and CEO Matt Jones, many traditional insurance carriers have been reducing coverage options, leaving both hosts and guests feeling uneasy about potential liabilities. “This new solution provides the assurance and peace of mind that both hosts and guests deserve,” Jones states.

The Protect+ insurance program intends to eliminate the potential out-of-pocket costs that might arise due to accidental damages incurred during the rental period. Protect+ assures coverage for up to $35,000 in physical damage, effectively mitigating the financial uncertainty that can deter individuals from utilizing trailer rental services.

Coverage Plans Offered

Towlos offers two distinct plans under the Protect+ program:

• - Basic Plan: Features a lower daily rental rate but comes with a higher deductible of $1,500.
• - Premium Plan: Offers peace of mind with a lower deductible of $500, though at a higher daily rate.

The selection of daily pricing varies based on the type of trailer, its assessed value, and the geographical location of the rental.

The coverage itself is expansive, encompassing physical damage incurred from collisions, impacts, theft, vandalism, and even issues that may arise during loading or unloading. However, it is worth noting that Protect+ does not cover liability claims, bodily injuries, or loss of cargo.

Towlos's Commitment to Users

Matt Jones emphasized that Protect+ is part of a broader commitment to make the trailer rental experience fluid and worry-free. “For trailer owners looking to become potential hosts, it addresses their single greatest concern: what happens if their trailer is damaged during the rental,” he further explained.

Since its inception just four years ago, Towlos has seen remarkable growth, now listing trailers across 48 states. The surge in user activity reflects a burgeoning demand for community-driven and cost-effective rental solutions.

The marketplace has also been designed for simplicity and convenience; it includes a flat $10 service fee per transaction for renters, regardless of the trailer type or rental duration, with no listing fees imposed on hosts. Complementing this, the platform features ‘Towlos Chat,’ which facilitates seamless communication among users, a guest vetting tool for enhanced safety, and refundable security deposits that contribute to an overall secure rental environment.

With Protect+, Towlos not only aims to fill a crucial gap in the trailer rental industry but also strives to cultivate a community of renters and hosts who can engage in transactions with confidence and peace of mind. The ongoing initiative demonstrates Towlos's commitment to innovation and customer satisfaction in an evolving marketplace.

For further information on Protect+, prospective users can visit towlos.com.

Media Contact:
Jeff Perlman
[email protected]
818-317-3070