Co-op Insurance has partnered with Urban Jungle to launch a new renters product designed to provide better value and protection for renters.
The collaboration introduces a new renters insurance product designed specifically for home renters.
This product allows customers to customise their coverage from £10,000 up to £50,000, with policies starting from just £5 a month.
Co-op member-owners enjoy an additional 5% discount. The insurance covers common risks such as fire, weather damage, theft, accidental damage, and tenants’ liability cover as standard.
Renters can also opt for add-ons like out-of-home cover for personal items and accidental damage caused by pets. The policies are designed to be simple, affordable, and flexible, with monthly rolling plans at no extra cost.
The launch of the product demonstrates Co-op Insurance’s commitment to meeting the evolving needs of its customers, particularly those in the rental market.
Urban Jungle’s expertise in digital-first, flexible insurance solutions compliments Co-op’s values, ensuring that renters can access insurance that is tailored to their unique requirements.
Charles Offord, managing director of Co-op Insurance, said: “We’re so happy to announce the launch of our new renters insurance product, as part of our new partnership with Urban Jungle.
“At Co-op Insurance, we’ve seen that renters can often be overlooked, leaving themselves at risk of having no protection or presented with repackaged home insurance policies that are not flexible and don’t suit their needs.
“As such, we’re thrilled to be able to provide our member-owners and customers with a product that specifically works for them, making a difference to their lives and supporting them through every stage of their journey.”
Jimmy Williams, CEO and co-founder of Urban Jungle, said: “At Urban Jungle, we’re on a mission to make insurance fair. We’re excited to partner with Co-op to provide their customers with digital-first, truly flexible insurance created for renters’ needs.
“It’s great to work with a brand like Co-op, who have such strong values which align with our own. We look forward to working with Co-op on helping more customers to get insurance that’s better tailored for their needs.”
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