Effective Coverage Acquires Bungalow Insurance
Effective Coverage announced today the acquisition of Brooklyn, New York-based BungalowInsurance.com, an online renters insurance platform geared towards the modern generation.
Effective Coverage, a specialty provider of renters insurance and resident risk management products for multifamily owners and operators, saw the acquisition as an opportunity to deepen their product offering for members throughout the country.
“After reviewing several acquisition opportunities, it was clear that the framework designed by Bungalow provided a great opportunity to offer our members improved choice,” said Eric Narcisco, CEO and Founder of Effective Coverage. “In the last 24 months, the Effective Coverage platform has grown significantly, and this acquisition will help us support that growth.”
Effective Coverage has partnered with highly-rated insurance companies to provide affordable coverage to renters everywhere. Effective Coverage’s mission is to provide complete solutions for those buying, requiring and selling insurance. Effective Coverage is licensed to write insurance policies in forty-eight states, providing bind-online capabilities, and live agents available seven days a week.
About Effective Coverage
Effective Coverage is a national insurance provider delivering home and renters insurance solutions to both residents and landlords. The company focuses on efficient insurance certificate tracking for property owners and on providing affordable insurance for consumers. The Effective Coverage platform has been led by Travelers since 2007.