Rently, a Singapore-based company operating at the intersection of finance and property technology, has launched a new insurance benefit for tenants living in non-landed properties.
AS of April 4, users of Rently Care can access complimentary home contents insurance, which also includes up to three emergency repair services per coverage period, each valued at S$150.
This insurance feature is embedded within Rently’s platform and is available to eligible tenants at no additional cost.
The coverage is underwritten by a global insurance provider and was developed in partnership with the insurtech firm discovermarket, enabling direct integration into Rently’s digital ecosystem.
The initiative builds on Rently’s existing services, such as deposit-free renting and automated rent payments.
The introduction of this insurance solution comes as Singapore’s rental market faces heightened risks.
Authorities reported over 13,000 rental scam cases in 2025, underscoring the need for greater protection for both tenants and landlords.
Insurance is increasingly viewed as a necessary safeguard in the rental sector, helping to address financial uncertainties and operational disruptions.
According to Travis Chan, product manager at Rently, the company aims to address gaps in rental security.
“This move allows us to address a longstanding gap in the rental ecosystem by ensuring renters feel secure both financially and emotionally. We’re redefining what peace of mind looks like in the rental space,” he said.
The insurance plan covers damage to household contents and renovations arising from events such as fire or water pipe bursts.
Additional benefits include coverage for valuables – such as jewelry and furs – up to S$1,000 and provision for temporary accommodation if the home becomes uninhabitable.
The highest tier of the plan offers a multi-appliance extended warranty, covering up to S$400 for repairs or replacements.
Tenants can also access up to three emergency home care services per coverage period, including locksmith, plumbing, electrical, pest control, and air conditioning maintenance.
Rently’s insurance launch aligns with broader trends in the Asia-Pacific (APAC) property insurance sector.
Market research from GlobalData projects that the region’s property insurance market will reach $152.2 billion in written premiums by 2028, up from $93.1 billion in 2023.
This equates to a compound annual growth rate of 10.8%, surpassing the global average growth rate for the same period.
