MT TL
Follow Us
ITA MEMBERSHIP

DATA

DATA

Root Insurance Company Launches New Renters Insurance

Insurtech Root Insurance has launched an affordable, streamlined renters insurance designed and personalized around real consumer need, for as low as $6/month.

“More than half of renters don’t have insurance that covers them and their valuables, and many that do have insurance admit they don’t know enough about what it covers,” said Alex Timm, Co-Founder and CEO of Root. “With Root renters insurance, we will help our customers feel more knowledgeable about their coverage while offering them peace of mind at home for a low cost.”

Founded in 2015, Root uses data analytics and machine learning to create customized auto insurance rates based primarily on actual driving behavior, and combining customized rates with streamlined customer service. With renters insurance, Root is bringing high-level customer service and app-based functionality to the home.

Root renters is currently available to existing Root auto customers in Missouri, Ohio and Utah and will be expanding to other states and will be available to people who are not Root auto customers in the coming months.

“We’ve already seen strong results in our first markets and have heard great feedback from customers about their coverage and the claims process,” said Timm. “The opportunity for additional growth is significant and we are eager to expand this product to more markets throughout the U.S., and deliver the bundled experience we know consumers desire.”

Plans begin as low as $6/mo, and consumers have the ability to bundle their Root renters and auto insurance plans for even better rates. All plans include replacement cost coverage, so Root reimburses impacted items for their original purchase value, whether they are stolen from home, from a car, or from a hotel when travelling.

Root is headquartered in Columbus, Ohio, with renters insurance available in Missouri, Ohio and Utah, and auto insurance currently available to drivers in Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah and Virginia and will be coming to more states soon.

For more information, visit https://www.joinroot.com.


Featured articles

OWIT MR

MT MR

ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

  • Electronic Chat with Ron Glozman

    Laura Mazzuca Toops

    Ron Glozman is the founder of Chisel, an AI solution for the global insurance industry which uses natural language processing and named entity... READ MORE

ITA LIVE 2020

ITA LIVE 2020 –SAVE THE DATE!
April 5th – 7th, 2020
The Diplomat Resort
Hollywood, FL
Become a member today to receive updates – www.itapro.org/MR

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News