Insurtech TenantCloud partners with Assurant
Cloud-based property management solutions provider TenantCloud is partnering with risk manager Assurant, according to a Jan. 30 press release.
As a result, landlords can now help protect their rentals by requiring their tenants to have Renters Insurance and tenants can protect their belongings by securing Renters Insurance directly on the TenantCloud app. The policy can help cover both a renter’s belongings and offer liability coverage for the landlord’s asset. This integration allows Assurant to provide up to date information about the policy in the convenience of the TenantCloud app.
TenantCloud focuses on the largest rental market in the US, in particular, the do-it-yourself landlords and tenants of single family rentals. While established competitors focus on selling their software to large property management companies of apartment buildings, TenantCloud’s service is free to the estimated 14 million landlords and 70 million tenants.
“The Assurant partnership will help tenants and landlords lower the risk of renting which will save renters money and lower costs for landlords,” says TenantCloud CEO Joe Edgar. “It is a win-win and we’re happy to bring such a solution.”
Renters Insurance can protect in case of fire or a burglary, allowing for the replacement of belongings or offering assistance with additional living expenses if they are displaced because of a covered event.
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