Treepz, Africa’s car-sharing marketplace, has joined forces with Octamile, an insurtech startup, to introduce Treepz Care—a revolutionary insurance program designed for travelers and hosts across the continent.
This collaboration addresses a crucial aspect of the car rental industry—insurance coverage, which significantly influences travelers’ choices.
A study by the Insurance Information Institute revealed that 62% of respondents factor in insurance coverage when selecting a car rental service. Treepz Care aims to provide comprehensive coverage, ensuring peace of mind for both guests and hosts within the Treepz community.
Treepz Care offers a range of insurance services tailored for guests and hosts, including:
Guest Protection:
- Coverage for accidents, including death, bodily injuries, and disabilities.
- Benefits encompass death benefits, permanent disability coverage, and medical expenses.
Host Protection:
- Driver accident insurance covering accidents, including death, bodily injuries, and disabilities.
- Benefits include death benefits, permanent disability coverage, and medical expenses.
Comprehensive Insurance:
- Coverage for own vehicle damage, third-party liability, and theft.
- Benefits include repair or replacement in case of an accident and replacement or payment in case of theft.
3rd Party Insurance for Vehicle Owners:
- Coverage for third-party accidents, including death, bodily injuries, and disabilities.
- Benefits encompass funeral expenses, medical expenses, and compensation for the loss of personal belongings.
To simplify the insurance adoption process, Treepz has integrated guest protection coverage seamlessly into the booking process, requiring no additional steps for guests to enjoy its benefits. Hosts can opt-in for various policy covers, including host protection, third-party vehicle insurance, and comprehensive vehicle insurance during their onboarding process or through the Treepz app.
Travel and tourism are vital sectors in countries like Nigeria, Ghana, Uganda, and Kenya. Car rental services play a big role in empowering tourists to explore these diverse regions with confidence. Treepz Care, with its comprehensive insurance offerings, aims to enhance this experience for travelers and hosts alike.
Treepz, as the sole car-sharing marketplace deploying embedded insurance for car rentals at this scale on the continent, remains committed to building the largest car-sharing marketplace in Africa. Treepz Care protrudes this mission, reflecting the company’s dedication to safety and customer satisfaction.
Onyeka Akumah, CEO of Treepz, expressed his excitement about the partnership, emphasizing the importance of safety in the travel and mobility sectors. Gbenro Dara, CEO of Octamile, echoed these sentiments, highlighting their joint mission to ensure safety and peace of mind for Treepz users.
This collaboration is a forward thrust in the travel and mobility industry, catering to the evolving needs and preferences of consumers across Africa. Treepz Care reteirates Treepz and Octamile’s zeal for innovation and customer-centric solutions in the insurance landscape.
