renters insurance News

Insurtech Lemonade Opens Its Sales Platform for All to Use

Lemonade announced Tuesday that it launched a public API (application programming interface), allowing anyone to seamlessly offer Lemonade policies through their apps or websites. The insurtech home insurer announced: “Today, we’re thrilled to announce that we’re opening up the Lemonade …

Online Property Management Service Cozy Takes On Renters Insurance Market

The renters insurance market has been a hard nut to crack for the industry, but an insurance carrier and online rental service platform hope their partnership may be the secret to breaking through. Cozy, an online property management site for …

A Better Way to Rent

This post is part of a series sponsored by PersonalUmbrella.com I’ve found that a lot of landlords — especially new ones — don’t seem to get the right type of insurance, let alone high enough limits. Renting is Risky Landlords …

New Jersey Man Charged with Insurance Fraud, Theft by Deception

A Middlesex County, N.J., man has been charged with insurance fraud and theft by deception for allegedly impersonating his deceased mother to obtain cheaper renters insurance under her senior-discounted policy and for falsifying claims for jewelry and other items stolen …

Louisiana Woman Gets a Year in Prison for Insurance Fraud

A 54-year-old Louisiana woman has been sentenced to a year and a day in prison for insurance fraud, and must pay $9,100 restitution. Acting U.S. Attorney Alexander Van Hook said in a news release that Lasandra Laverne Edwards of Monroe …

Nationwide Using Mobile-App Startup Sure to Sell Renters Insurance

On-demand insurance agency Sure has signed Nationwide as a partner in offering renters insurance via its real time mobile app. Using the Sure app (for iPhone and Android), consumers can now obtain a renters insurance quote, purchase a policy, and …

State Farm Agrees to Cut Rental Rates in California by 40%

California Insurance Commissioner Dave Jones on Wednesday announced he has obtained an agreement from State Farm General Insurance Co. to reduce their rental dwelling program policyholders’ rates statewide by an average of 40 percent. The reduction is to be effective …

Home Insurers, Agents Face Satisfaction Gap with Affluent Gen Y Customers

Overall, home insurers are performing better in customer satisfaction as they compete more on improving the customer experience than on price. However, there is one up-and-coming affluent consumer group — the Gen Y generation or those ages 22 to 39— …

Peer-to-Peer Personal Lines Insurer Lemonade Opens for Business in New York

Peer-to-peer insurance startup Lemonade is open for business in New York, nine months after the startup’s debut and initial venture funding announcement. The New York-based company, which its founders promise will reinvent the insurance business model and make insurance a …

Renters’ Insurance and Millennials: If You Make it Simple, They Will Come

There’s a new website aimed at changing the way millennials deal with buying insurance – but it’s focused on a widely under-served segment of the insurance market – renters’ insurance. Launched by two young insurance agents Tom Austin and Zachary …