One80 Intermediaries (One80), a specialty insurance broker headquartered in Boston, acquired instaCOVER, an independent insurance agency and technology platform specializing in point-of-sale insurance coverage for commercial equipment, healthcare, rental equipment and other markets. Terms of the deal were not disclosed.

instaCOVER offers a web-based platform designed to simplify the process associated with obtaining an insurance quote and binding a policy. The bespoke technology provides the flexibility to create and customized insurance solutions for brokers and clients. Coverage is provided at the point of sale or lease and rates are established for the duration of enrollment regardless of claims activity.

“I have been very impressed with the innovative platform and insurance solutions created by the instaCOVER team,” Matthew F. Power, president of One80 Intermediaries, said. “I look forward to expanding into the leasing industry and further supporting instaCOVER at the crossroads of technology and commercial insurance.”

“Since our inception, the instaCOVER team has thrived on finding ways to make insurance effortless. With that we feel that joining the One80 platform will enable us to continue to develop customized solutions for funders, brokers, manufacturers, dealers, distributors, and rental houses,” Colleen Shelby, managing director of One80 Intermediaries, said. “We are thrilled to join One80,” she continued.