Today, we’re excited to announce our partnership with Co-op insurance on their new renters’ insurance product!
We’ll be providing Co-op customers with clear, fair insurance from just £5 a month.
It’s been a pleasure working with the Co-op team to launch this product. We’ve leveraged our proprietary technology to create a fully customised, Co-op-branded product that provides a great experience for customers.
Read the full press release from Co-op below.
Co-op insurance launches new renters product with Urban Jungle
Co-op insurance has today, May 8th, launched a new renters insurance product with insurance technology startup, Urban Jungle, to provide better value and protection for renters.
The product has been created specifically for home renters and allows customers to tailor the cover to suit their needs, offering protection from £10,000 up to £50,000.
Policies start from as a little as £5 a month, with Co-op member-owners able to access a further 5% discount and provides protection for valuables against common risks such as fire, weather damage or theft, as well as both accidental damage and tenants liability cover included as standard.
Alongside this, renters can also customise their policy with optional add-ons, including out of home cover for personal items and accidental damage caused by pets.
Additionally, all policies are tailored to meet renters needs and designed to be simple, affordable, and flexible, with the option of monthly rolling plans at no extra cost, meaning customers only need to pay for the months they are renting, with no additional fees for amending or cancelling the policy.
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.”
ENDS
For press enquiries please contact pressoffice@coop.co.uk
About Co-op
Co-op is one of the world’s largest consumer co-operatives with interests across food, funerals, insurance and legal services. Owned by millions of UK consumers, the Co-op operates almost 2,400 food stores, over 800 funeral homes and provides products to over 6,000 other stores, including those run by independent co-operative societies and through its wholesale business, Nisa Retail Limited.
Employing 56,000 people, the Co-op has an annual turnover of over £11billion and is a recognised leader for its social goals and community-led programmes. The Co-op exists to meet members’ needs and stand up for the things they believe in.
About Urban Jungle
Urban Jungle is an insurance technology startup that provides fair Home Insurance to renters and homeowners. The company has 75 UK staff, has amassed over 200,000 customers and is one of the UK’s top-rated insurance companies, scoring 4.6 out of 5 stars from over 9,000 reviews.
It has also made an ethical stance, for example by certifying as a B-corp in 2022, and operating as a living wage employer.
