Kin, which is transforming home insurance through technology, has launched its landlord insurance plans, which will debut in Florida.
The new policy will apply to property owners that rent out their detached homes and townhouses. It will also give them protection if they rent the property through Airbnb.
All sources of damage to the physical structure of the home, except those listed as exceptions, are covered by the policy. It also protects other structures on the property, such as a garage or shed, and personal property including appliances.
Kin co-founder and CEO Sean Harper said, “The introduction of landlord insurance in the Florida market will continue to cement Kin as a leading home insurer in one of the industry’s most challenging marketplaces.
“For our company, it’s a major milestone in our growth to be able to offer this service to real estate investors. We remain committed to ensuring Floridians have access to insurance at a low cost.â€
The InsurTech claims to save an average of $500.
The company raised a $35m Series B in 2020 from Commerce Ventures, Hudson Structured Capital Management, Flourish Ventures, QED, Alpha Edison, Allegis NL Capital, Avanta Ventures, August Capital, the University of Chicago via its Startup Investment Program and more.
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