Up-and-coming real estate website Rent.com.au (ASX:RNT) has signed an agreement with global insurer Chubb to bring home contents insurance to renters.
The product, called Renter Cover, will be available in Q1 2018.
The company’s CEO Greg Bader says its own research discovered that while 30 per cent of Australians rent, only 45% of renters have their contents insured.
He added that in the younger rental market aged 18-39, only 73 per cent have home contents insurance.
The company’s CEO Greg Bader says that Renter Cover combine’s the website’s knowledge of the rental market with Chubb’s insurance expertise.
Shares in Rent.com.au (ASX:RNT) closed nearly 1.5 per cent higher yesterday at 6.8 cents.