Roomi – a peer-to-peer marketplace for room rentals, sublets and roommates – has formed a partnership with the AI-powered insurance company Lemonade.
The rental marketplace service is extending its offerings to ensure users’ belongings are protected.
“Lemonade’s ability to make renters insurance so simple is exactly what the Roomi user is looking for. We are thrilled to collaborate with such an innovative company,” said Roomi founder and CEO Ajay Yadav. “As studies continue to show, millennials are spending more of their income on electronics, hobbies and clothing than older generations, and since Roomi is dedicated to making renting safer, it was a natural decision to offer our users, who are mostly millennials, an easy solution to protect their belongings.”
Since its launch in 2015, Roomi has established more than 1.1 million registered users. Users of the company’s services must first complete detailed profiles of themselves before they can list their properties for rent; other users can then book a room online and even pay the first month’s rent upfront.