Zillow now provides direct access to renters
insurance through a partnership with Homesite, where renters can
get coverage for personal property and more
SEATTLE, Sept. 7,
2023 /PRNewswire/ -- Zillow is simplifying another
step in the renting journey by introducing renters insurance in
partnership with Homesite. Renters can now conveniently purchase a
policy through the Zillow app or website at key points in
their journey, — whether it's when they sign their lease or after
they've settled into their new place.
An online survey1 of current and prospective renters
conducted by Zillow found that 50% have renters insurance. Of the
renters who said they did not have renters insurance, 1 in 4 noted
it was because they didn't know enough about it to determine
whether they needed it. In most cases, a landlord's insurance does
not protect renters or their personal belongings, and that's where
renters insurance comes in. Now, Zillow makes it easier for renters
to learn about what renters insurance covers and decide what
coverage and amounts work best for them.
According to Zillow research, most landlords (56%) said that
tenants having renters insurance is "essential" when tenants rent a
property from them. This means that many landlords require tenants
to have insurance and even present proof of coverage before moving
in. Now, when renters purchase a policy through Zillow, they can
easily share their policy documents with their landlord.
"Renters insurance is important for both tenants and landlords,
and now renters can conveniently get a quote and purchase a plan
through Zillow, making their move that much easier," said
Michael Sherman, vice president of
Zillow Rentals. "Zillow aims to simplify the moving process and
make life easier for renters. We understand the importance of
crossing off those essential to-do list items, and now we're
excited to offer a seamless solution to protecting renters'
belongings."
Renters insurance is the latest addition to the Zillow Rentals
all-in-one platform. From finding the perfect rental, applying,
signing a lease, purchasing insurance and paying rent, everything
can now be accomplished easily and in one place.
Renters insurance through Zillow is now available in 49 states
and Washington, D.C. To date, more
than 1,500 renters have already secured policies through Zillow
Insurance Services2. Homesite provides
comprehensive coverage across four categories: protection for
personal property, increased living expenses in case of unlivable
conditions, personal liability coverage and medical payments for
injuries sustained on the rental property.
About Zillow Group:
Zillow Group, Inc.
(NASDAQ: Z and ZG) is
reimagining real estate to make home a reality for more and
more people. As the most visited real estate website in
the United States, Zillow
and its affiliates help people find and get the home they
want by connecting them with digital solutions, great partners, and
easier buying, selling, financing and renting
experiences.
Zillow Group's affiliates, subsidiaries and brands include
Zillow®; Zillow Premier Agent®; Zillow Home Loans℠; Zillow
Insurance Services, LLC; Trulia®; Out East®; StreetEasy®; HotPads®;
and ShowingTime+℠, which includes ShowingTime®, Bridge
Interactive®, and dotloop®.
All marks herein are owned by MFTB Holdco, Inc., a Zillow
affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS
#10287 (www.nmlsconsumeraccess.org). © 2023 MFTB Holdco, Inc., a
Zillow affiliate.
About Homesite:
Founded in 1997, Homesite
Insurance was one of the first companies to enable customers
to purchase insurance directly online, during a single visit. Since
then, we've continued to innovate at the pace of our customers and
their changing expectations. One thing that's stayed the same since
our founding: our commitment to our customers, partners and
employees. Homesite offers insurance coverage for
Home, Renters, Condo, Small Business, Term Life and Flood. Visit us
on Facebook, LinkedIn, and
Twitter.
(ZFIN)
1 Zillow conducted an online survey among ~300
renters in March 2023. Those surveyed
identified as current renters or were planning to rent in the next
three months.
2 Renters insurance is offered through Zillow
Insurance Services, LLC ("ZIS"), a licensed insurance producer.
Renters insurance policies are underwritten and issued by member
companies and affiliates of Homesite Group Incorporated, which is
unaffiliated with ZIS. Prices, coverages, features, discounts and
privacy policies vary among these insurers. ZIS assumes no
responsibility for any claims and makes no representations
regarding the terms and conditions of any policies issued by the
insurers. ZIS is compensated by Homesite in connection with the
sale of renters insurance through ZIS.
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SOURCE Zillow