KitSplit Partners With Heffernan Insurance
Brooklyn-based camera rental community KitSplit announced that it has teamed up with Heffernan Insurance Group’s InsureMyEquipment.com to offer the KitSplit community a new affordable, online insurance program for gear rentals. The program, called KitSplit Instant Insurance, is backed by OneBeacon, and enables visual content creators to purchase gear rental insurance online at the lowest rates in the industry.
The KitSplit Instant Insurance program, slated for launch in June 2018, includes comprehensive gold standard coverage for gear over $10,000 in value, with premiums starting at $125 for short term insurance – “by far the lowest rates in the industry.” For gear under $10,000, KitSplit provides an instant damage waiver program starting at $5. The system is fully automated, enabling KitSplit renters to purchase insurance instantly. Premiums are quoted based on the value of the gear rented and the length of the rental. Renters can purchase insurance for as little as one day or as long as a full year of coverage. Coverage is bound instantly and available 24/7.
Founded in 2015, KitSplit has raised ~$2M since its inception and has originally been offering annual insurance coverage for gear owners via Athos Insurance, a CA-based personal and commercial lines insurance agency specializing in entertainment, recreation, and sports insurance.
PS. It’s time to look beyond insurance so we can keep you up to speed on new markets (think: your new best friends), including the gig economy:
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