Read on Twitter
In the past 4 months, my apt building in SF has been broken into 3x. Some of our stuff has been stolen/damaged — but, luckily, we are totally fine
One of the worst parts has been dealing with our renters insurance. Their systems are outdated and EVERYTHING is manual
A thread
One of the worst parts has been dealing with our renters insurance. Their systems are outdated and EVERYTHING is manual
A thread
A consumer experience this poor always gets my wheels turning on a market...
~$4B was spent on renters insurance in 2020
The market has been growing 1.5% YOY despite a steady decrease in premiums
60% of renters do not currently have insurance
~$4B was spent on renters insurance in 2020 The market has been growing 1.5% YOY despite a steady decrease in premiums 60% of renters do not currently have insurance
Additionally...
Lagging homeownership rates among Millenials = more long term renters
Lagging homeownership rates among Millenials = more long term renters
And...
A rise in home burglaries in major metros (like SF) = increased need for insurance https://www.sfchronicle.com/bayarea/philmatier/article/Burglars-switch-to-homes-in-S-F-as-tourists-15579739.php
A rise in home burglaries in major metros (like SF) = increased need for insurance https://www.sfchronicle.com/bayarea/philmatier/article/Burglars-switch-to-homes-in-S-F-as-tourists-15579739.php
