Zillow Group introduced a new tool to help renters purchase insurance online. The Seattle-based company teamed up with tech-focused insurance company Homesite to offer the new service.
- Zillow said more than 1,500 renters have already bought insurance policies, providing coverage for personal property, increased living expenses due to unlivable conditions, personal liability, and medical payments for injuries on the rental property. The offering is
- The offering, available in 49 states and Washington, D.C., is part of the real estate tech giant’s broader goal of creating an “all-in-one” platform for the rental process.
- Boston-based Homesite, founded in 1997, says it was one of the first companies to offer insurance online. It was acquired by American Family Insurance in 2014.
- The renters insurance market is expected to reach $4.5 billion in 2023.
