SetMeUpRenters

Push Button, Get Renters Insurance.

About SetMeUpRenters

SetMeUpRenters delivers discount-qualified renters insurance policies direct to consumers instantly and digitally. With rates including discounts for fire sprinklers, alarms, and security systems, SetMeUpRenters offers a comparable market policy 5-30% lower than major market competitors.

SetMeUp IaaS (Insurance-as-a-Service) provides large-scale distribution partners and property managers the ability to offer and deliver embedded, custom renters insurance products to their customers, without the hassle of regulatory licensing, and heavy tech integrations, carrier appointments, and back-office servicing. SetMeUp capitalizes on intensive user data available from these partners to deliver hyper-personalized products to the end-user, increasing policy premium, conversations, and customer retention.

-SetMeUpRenters is streamlining the process of buying renters insurance. Renters can get a quote, purchase, and download a renter’s insurance policy digitally and instantly on the platform.

-Property Managers and Owners get real-time compliance confirmations on tenants, eliminating risk and simplifying the onboarding process.

-Leasing Platforms and Multifamily Product Suites gain streamlined, value-add insurance products via IaaS (Insurance-as-a-Service) delivering personalized products and increasing sales.

-Carriers have access to digital distribution with modern-day technology benefits and Agencies have instant access to digital products for their customers.

Turner Massey / [email protected] / 214-886-4743

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Problem statement

-Renters face outdated and expensive renters insurance products from disconnected legacy carriers which require duplicate data entry, omit landlord details, and exclude available discounts.

-Property Managers and Owners take on additional risk exposure from uninsured tenants due to antiquated compliance systems and bad data.

-Leasing Platforms and Multifamily Product Suites lack modern-day plug-and-play insurance solutions for their customers.

-Carriers and Insurance Agencies push outdated products from outdated systems; turnaround on quotes can take days.

Milestones

July 2022

Key Ready Partnership

SetMeUp has collaborated for two+ years with KeyReady and its parent company, Ideco.io. SetMeUpRenters is the only insurance partner on the KeyReady digital marketplace which provides resident onboarding software to the multifamily and property management industry. Residents using the software save an average of 3-5 hours during their onboarding experience and $250+ in annual cost on utilities and insurance.

Providing IaaS (Insurance-as-a-Service) solutions across the KeyReady platform, SetMeUp is gaining additional end-user exposure as a result of newly executed agreements with enterprise-level clients. As these new partnerships help build a more robust client base, the integration with KeyReady will provide keener intel and insights on our clients as they move through life stages. This will guide advanced underwriting decisions and custom product recommendations for consumers. The result should be additional opportunities for product upsell which will lead to greater average policy premiums.

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