Root launches renters insurance
Root , “the largest property casualty InsurTech in the country,” has launched renters insurance for as low as $6 a month when bundles with auto.
Root renters is currently available to existing Root auto customers in Missouri, Ohio and Utah and will be expanding to other states and will be available to people who are not Root auto customers in the coming months.
“More than half of renters don’t have insurance that covers them and their valuables, and many that do have insurance admit they don’t know enough about what it covers. With Root renters insurance, we will help our customers feel more knowledgeable about their coverage while offering them peace of mind at home for a low cost. We’ve already seen strong results in our first markets and have heard great feedback from customers about their coverage and the claims process. The opportunity for additional growth is significant and we are eager to expand this product to more markets throughout the U.S., and deliver the bundled experience we know consumers desire.” – Alex Timm, cofounder and CEO of Root.