Huddle

Blog: Why were putting renters ahead of homeowners -

Why we’re putting renters ahead of homeowners

We promised you a few surprises in our second year, and today, we’re thrilled to announce a new product, designed especially for people who rent. We’re calling it Renters Insurance, and it’s there to cover your stuff. So whatever you need to protect… your lovely laptop, your beautiful bike, or your collection of Lionel Richie LPs, Renters Insurance is here for you.

With Huddle Renters Insurance, you just need to answer four quick questions to get a quote, and Flo - our AI super-gran - can get you covered in a couple of minutes.

What's the deal with renters?

Today in Australia, over 3m people rent their homes - including a huge number of us in our 20s and 30s. Every one of those homes is filled with important possessions that, if lost, stolen or damaged, would throw the proverbial spanner in the works. Yet, most renters have not found insurance that can adequately cover these belongings.

Reading reviews of the main insurers and speaking with customers, it was clear that there’s two issues preventing renters from getting insurance:

Getting cover has been too difficult

Traditional insurers expect their customers to do all the hard work. What’s your building made out of? Do you have asbestos? What year was it built? If you rent rather than own, the chances are you have no idea how to answer these questions.

It’s been too expensive

The old league of insurers are focussed on homeowners. So when you do find cover, you’re often paying almost the same price as homeowners for a whole lot of cover you might not even need.

Huddle Renters Insurance has brought down the cost and made it as easy as entering your address to get a quote.

 

How AI makes insurance better and cheaper

Huddle’s clever AI makes it cheaper for us to run an insurance business. By using new sources of data, our bots can determine the risk of the property rather than having to ask our customers hundreds of questions. Plus, our AI super-gran, Flo, can process and pay thousands of claims per day without breaking a sweat, whilst it can cost traditional insurers upwards of $500 to process each claim.

So, Flo not only gets your claims paid faster, but she’s making your premiums cheaper too. In fact this is exactly how we’re able to offer Renters Insurance from just $20 per month.

Try it today

Ask Flo for a quote today or share with someone you know.

We are having trouble communicating with our backend services.

Error 500

Our server is having a meltdown!

Sorry but it looks like we have a server issue. We're trying to fix the problem. Please try again later.

Error type: 500