Urban Jungle Launches New Contents Policy

A recent survey of 1,000 UK renters commissioned by Urban Jungle , the London-based startup offering home insurance for urban renters, found that 77% don’t have contents insurance, and 30% of those didn’t buy because it isn’t affordable enough. With that in mind, the startup is introducing a new pay-as-you-go contents policy starting at £5 a month.

The new policy, underwritten by ERGO UK, allows renters to get coverage in under five minutes by answering basic questions, and includes accidental damage and tenants liability by default. Customers are presented with flexible coverage options that can be updated online, along with a monthly rolling contract that can be canceled anytime.

“We’re really excited about this new policy. We’ve always been hyper-focused on renters, and our new contents cover has been designed 100% with renters in mind. We think this will help us bring lots of people into insurance who have not used it before.” – CEO and cofounder of Urban Jungle, Jimmy Williams.