Rental management app August has teamed up with insurance savings platform Fruga to help users “shop away” their insurance costs by earning cashback on everyday spending.
The partnership gives August landlords a simple, built-in way to reduce the cost of essential policies such as landlord insurance and contents cover at a time when many small landlords say their margins are being squeezed to breaking point.
Through the new integration, August landlords will be able to discover Fruga directly inside the August app and sign up in just a few taps. The partnership will initially launch with a simple in-app link and will soon evolve into a fully embedded experience where landlords can purchase, track and manage insurance policies without leaving August.
Landlords will be able to earn cashback on everyday spending at participating retailers. That cashback is automatically allocated to reduce future insurance premiums, without needing to switch insurer, downgrade cover or change existing policies.
As the integration deepens, insurance policies and savings will sit alongside rent tracking, documents, compliance and reminders inside August, giving landlords a single place to manage more of their property finances.
Samuel Cope, founder of August, said: “Running rentals has never been more complex or more expensive for small landlords. Our aim is to give them control and confidence over their properties. Fruga shares that. They’re flipping the script on insurance and putting money back in people’s pockets. Bringing Fruga to August landlords is a natural next step, that will genuinely help our customers stay profitable.”
Ross McCarthy, chief executive of Fruga, said: “Insurance is a big, often painful line item for landlords. With August, we’re connecting directly with the people who feel that pressure most. Together, we can help landlords keep the right protection in place, while using their everyday spending to quietly chip away at those costs in the background. It’s a powerful combination of financial wellbeing and smarter property management.”
This article is taken from Landlord Today