Effective Coverage Acquires New York’s Bungalow Insurance

Effective Coverage has acquired Brooklyn, N.Y.-based BungalowInsurance.com, an online renters insurance platform geared toward the modern generation.

Effective Coverage, a specialty provider of renters insurance and resident risk management products for multifamily owners and operators, saw the acquisition as an opportunity to deepen its product offering for members throughout the country, according to a company press release.

The Effective Coverage platform has been led by Travelers since 2007. The company has carried out a strategy of partnering with insurance companies to provide affordable coverage to renters, and its mission is to assist those buying, requiring and selling insurance. It is licensed to write insurance policies in forty-eight states, providing bind-online capabilities and live agents available seven days a week.

Source: Effective Coverage

Topics Mergers & Acquisitions New York