PRESS RELEASE
Sharing economy insurtech platform GUARDHOG
refuse to ‘share’ insurance premium tax price hike
IPT rate increases by 20% on June 1st 2017 – but GUARDHOG customers won’t be asked to pay
LONDON, 18th May, 2017 – Insurance premium tax (IPT) – a tax levied on all general insurance premiums, and ultimately paid by the end consumer, will increase again this June, doubling from 6% to 12% in under two years.1 But GUARDHOG– a sharing economy focused insurtech platform, are absorbing 100% of this latest increase for their customers.
Typically, it’s the peer-to-peer marketplaces and their participants who take out GUARDHOG insurance to cover themselves where traditional policies don’t reach. From ‘hosts’ renting their home on
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