Assurant's Pay-With-Rent Cover360 Renters Insurance Solution Now Available At Over 70,000 Edward Rose & Sons Units Across 148 Properties
Portfolio Pulse from Benzinga Newsdesk
Assurant, Inc. (NYSE:AIZ) has signed a multi-year contract with Edward Rose & Sons to be the preferred provider of renters insurance. Assurant's Cover360 product will be used, which allows property management companies to offer renters insurance to residents via an online portal. The product is designed to increase program participation and ancillary revenue, and reduce expenses. Cover360 will be available to Edward Rose & Sons's 158 communities comprising more than 70,000 units.
September 27, 2023 | 12:41 pm
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POSITIVE IMPACT
Assurant's new contract with Edward Rose & Sons to provide renters insurance could potentially increase its revenue and market share in the insurance industry.
The new contract with Edward Rose & Sons expands Assurant's customer base and increases the usage of its Cover360 product. This could lead to increased revenue and a larger market share in the insurance industry.
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IMPORTANCE 75
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