Who is Slice?
Slice is an insurtech company committed to delivering insurance differently. We’ve started with on-demand insurance for the on-demand economy— insurance for a slice of time.
How does the per use coverage work?
Slice provides coverage on-demand, and for only the periods of time you need it. The Slice policy automatically begins and ends with your business hours, whether it’s minutes, days or weeks. And, you only pay for the dates and times your policy is active.
Will I have proof of coverage?
Yes, indeed! Pull up your coverage through your mobile app, view it in the web application or download or print a PDF of your policy. We also send you an email with your policy details.
How do I file a claim?
Very easily! You are able to enter your claim right in the Slice app. Provide a few details of what happened and it’s underway.
Do you have any other products?
Yes, our next product is rideshare insurance. We plan to continue to roll out more insurance products to cover the on-demand economy, from personal services to dog walkers to travelers. Every task and activity can be covered.
What’s the catch?
There isn’t one. You are fully and properly covered by a commercial insurance policy for the time you are acting as a business, period! Of course, you only pay for it on a per-use basis, just like your customers pay for your services, which makes so much more sense.
How do I contact Slice?
Please visit https://slice.is/contact-us/ for contact options.
Homeshare Specific FAQs
Who needs this policy?
Everyone who rents their home on a homeshare platform needs insurance. Slice offers complete coverage options for homeshare Hosts; especially for Hosts who list their properties on multiple sites. Remember, with Slice, you only pay for coverage for the time you’re renting your home, not a minute or penny more.
Why do I need homeshare insurance?
Homeowners insurance policies have many restrictions and conditions regarding use of the home for a business. Short-term rental of the residence is generally not covered by homeowners policies. In most cases, a commercial insurance policy is required, but those can be prohibitively expensive. The bottom line is that Slice is filling a large gap in the current market.
Doesn’t the homeshare site I am using cover me?
Not fully. Not properly. Not in the way you need protection. Whether the platform provides a Host Guarantee or Commercial General Liability Insurance, the key problems are:
- You are not the “Named Insured”, which means you have no policy rights
- The complete terms, conditions and limits of coverage are unknown
- Claims are submitted via the platform instead of directly to an insurer
- It is not primary insurance and in some cases, it’s not actually insurance
How much coverage do I get with Slice?
- Property insurance is covered to the full replacement cost of the home, additional structures and all contents.
- Commercial liability for a limit of $2,000,000
- The policy includes coverage for things like infestation, loss of income, breakage of valuables, damage to electronics, theft, and more. See your policy details to view the full list of coverages.
Note: The Slice policy is “primary and noncontributory”, meaning Slice will pay the entire claim, without first requiring another insurer to make payment.
How does Slice homeshare insurance work with my homeowners insurance?
The Slice policy is “primary and noncontributory”. That means it operates independently of annual homeowners insurance policies and will be the first policy to respond to your loss. There is no requirement to report losses to your homeowners insurance company.
How much is it?
Slice insurance is extremely reasonable for proper coverage and peace of mind for just dollars a night.
When will Homeshare coverage be available in my state?
Slice is adding states weekly. Please visit the Homeshare page for a list of covered states. If your state is not listed, simply add your email in the form and we’ll let you know as soon as we’re live in your state.
What if I don’t see my platform?
There are many platforms used by Hosts for Homesharing. Right now Slice provides homeshare insurance coverage to customers renting through a sharing network company. We have validated five popular sites and are open to adding more so if you don’t see the platform you use for your homesharing activities, connect with us and we’re happy to validate. In the meantime, go ahead and create your Slice account; you can use one of the existing platforms to register your property. Then before you add a stay, we’ll work with you on the ability to use the new platform.
Are your insurance policies Admitted or Non-admitted policies?
We issue non-admitted policies in the Excess and Surplus Lines market.
Slice is backed by Great Lakes Insurance SE (a wholly owned subsidiary of Munich RE) that holds the same strong rating and financial strength of the Munich Re Group: A+ (Superior) as rated by A.M. Best and AA- (Very strong) by S&P.
Cancelling a Stay
You are able to cancel your stay/policy anytime up to and including the start date of the stay for a full refund.
From the Stays dashboard, select the Stay, and a trash can with the text ‘Delete stay/policy’ will be displayed below the Stay information on the ‘You’re Covered’ screen. Select the trash can and then the ‘Delete’ button to confirm the deletion of the Stay. The Stay will be deleted and you should receive a confirmation email.
Rideshare Specific FAQs
Who needs this policy?
Every person who participants in a rideshare platform such as Uber or Lyft.
Why do I need rideshare insurance?
To protect your liability for bodily injury to passengers or pedestrians and to protect your liability for damage to property.
Doesn’t my personal auto insurance cover me?
No. Your personal automobile insurance policy has a very specific exclusion stating that there is no coverage for carrying persons or property for a fee.
Doesn’t my rideshare platform cover me?
The rideshare platform policy does not adequately protect you.
- You are not the Named Insured (meaning it’s not your name on the policy) and therefore have no rights under the policy.
- The policy only responds on an excess or contingent basis, which means you must first attempt to make a claim from other insurance.
- The coverage is not sufficiently broad: the limit of liability is only $1,000,000 and there is no coverage for the physical damage to your vehicle.
How much coverage do I get with Slice?
The Slice policy provides $2,000,000 third party liability, state-mandated “PIP” (personal injury protection) and physical damage coverage to your vehicle, up to its actual cash value.
How does Slice rideshare insurance work with my auto insurance?
Slice’s coverage takes over for your personal auto insurance during the time you are conducting rideshare work. We cover from “app on” to “app off” with no requirement that you first attempt to claim from other insurance.
How much is it?
The cost of Slice’s policy is based on a combination of mileage and time. Our rate per mile is only pennies!
How does the rideshare per use coverage work?
Slice coverage kicks in when you start working as a rideshare driver, and you only pay for coverage for the time you’re working—from “app on” to “app off” in perfect sync with your rideshare revenue.
Will a claim with Slice affect my annual personal insurance policy?
No. Slice provides you with a COMMERCIAL auto policy during the period you are conducting rideshare work. As such, any claims made against our policy are not reported to databases accessible by your personal automobile insurer.