Who is Slice?
Slice is an insurtech company committed to delivering insurance differently. Through Insurance Cloud Services, we enable the rapid introduction, evaluation, and adoption of new products, technologies, and business models in response to the ever-changing insurance needs of customers, whether personal or commercial.
How does the per use cover work?
Slice provides cover 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 cover?
Yes, indeed! Pull up your cover 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, we have a small business cyber insurance product available in the US. 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/gb/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 cover options for homeshare Hosts; especially for Hosts who list their properties on multiple sites. Remember, with Slice, you only pay for cover for the time you’re renting your home, not a minute or penny more.
Why do I need homeshare cover?
Home 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 home insurance 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 cover 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 cover do I get with Slice?
- We provide “new for old” property cover for the home, additional structures and all contents.
- Public liability for a limit of £2,000,000
- The policy includes cover for things like infestation by pests, loss of income following a claim, breakage of valuables, damage to electronics, theft, and more. Details are available in our Homeshare Policy Summary.
Note: The Slice policy is “primary insurance ”, meaning Slice will pay the entire claim, without first requiring another insurer to make payment.
How does Slice homeshare cover work with my home insurance?
The Slice policy is “primary insurance”. That means it operates independently of annual home insurance policies and will be the first policy to respond to your loss. There is no requirement to report losses to your home insurance company.
How much is it?
Cover from Slice averages only £5 / night, depending upon how much cover you purchase. It’s primary, comprehensive protection in your name only, for a very affordable price.
What homesharing platforms qualify? What if I don’t see my platform?
There are a growing number of short-term rental platforms used by Hosts for Homesharing. Right now Slice provides homeshare cover to customers renting through a sharing network company.
The following is a list of our currently approved Homesharing platforms: Airbnb, VRBO, HomeAway, Flipkey, and Wimdu.
If you are using a platform/provider not included above please contact our Customer Support Team and provide the name and web address of the platform so we can review for possible inclusion on this list and within the Slice Homeshare app.
Are your cover policies financially stable?
Slice issues policies underwritten by Great Lakes Insurance SE (a wholly owned subsidiary of global reinsurance group 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.
You can verify the ratings at www.ambest.com and www.standardandpoors.com. Also, please see UK Companies House at https://beta.companieshouse.gov.uk for Slice’s registration (No. 10341261) and Great Lakes Reinsurance (UK) SE (No. SE000083).
How far in advance do I have to purchase a policy for a stay?
Homeshare customers can add a stay and purchase a policy as late as the same day the guest will arrive, or as early as up to 1 year in advance, and have until midnight of the scheduled stay start date (guest arrival date) to cancel the purchase if need be.
What if I purchase a policy for a stay and then need to cancel it because the stay was cancelled? Do I get a refund?
You may cancel the policy anytime before its effective date through our app. Once the policy begins, it may not be cancelled unless it is longer than 30 days in duration, in which case you may cancel it at any time by calling us at 0330 808 5483. We will refund any unused portion of the premium to you, less a £25 administration fee. If you have made a claim during the policy period, we will not refund any portion of the premium to you.
How to -> You can cancel your policy in one of two ways:
1. From the Stays Dashboard, select DELETE on the hamburger menu on the right.
2. From the Stays Dashboard, select VIEW STAY on the hamburger menu, and then the ‘Delete stay / policy’ button.
The Stay will be deleted and you should receive a confirmation email.