Protect Your Rent if You Lose Your Job

In 2024 alone, 6.9 million Americans faced unemployment according to the Bureau of Labor Statistics. Considering many renters live paycheck to paycheck, the loss of financial security can leave many individuals and families at risk of eviction and with limited housing options.  Losing your job not only raises concern about keeping up with your rent payments, but also forces you to reevaluate your essential expenses — all while searching for a new source of income. With so much to take into consideration during this stressful time, the last thing you want to worry about is keeping a roof over your head. That’s why at Rhino, we created the Loss of Employment Protection Policy — designed to support you through life’s unexpected challenges by ensuring your housing remains secure. 

What is Rhino’s Loss of Employment Protection Policy?

At Rhino, we understand that losing a job is an incredibly stressful time. We’re here to help ease your financial burden as you get back on your feet. With our Loss of Employment Protection Policy, you don’t have to worry about making rent payments— you can focus on your job search with peace of mind knowing your rent is covered. 

Our policy covers up to 3 months worth of rent if you lose your job involuntarily and qualify for state unemployment benefits. The best part is that these plans start at just $5/month!* Additionally, if you have a roommate, encourage them to sign up for their own policy so that you all can have peace of mind — including your landlord. 

Benefits of Rhino’s Loss of Employment Protection

1. Affordable Plans 

Losing your job typically means losing your main stream of income. When evaluating your monthly expenses, rent is often the largest payment for most U.S. households. A majority of Americans are considered “rent burdened,” with 22.4 million U.S. households allocating 30% of their income to rent, and 12.1 million spending more than half. Rhino’s Loss of Employment Protection reduces your financial burden during unemployment, freeing up funds for other essential expenses and allowing you to focus on your job search. Our policy offers affordable monthly payments starting as low as $5/month* — less than the cost of most streaming services! 

2. Immediate Coverage

Enrolling in our Loss of Employment Protection program is quick and easy! Just fill out our online form, and if you’re eligible, you’ll be automatically matched with a policy premium. Your policy becomes active immediately upon receipt of your first premium payment,** ensuring you’re protected right when you need it. 

If you’ve lost your job and need to file a claim, we’ve streamlined the process to make it hassle-free. Simply log in to your support portal, upload the required documentation — such as proof of state unemployment benefits approval— and submit your claim. Our team processes and approves claims within just 3-5 business days. Once approved, payments are sent directly to you or your landlord, giving you peace of mind that your rent payments will be covered without delay. 

3. Peace of Mind

Rhino’s Loss of Employment Protection policy is designed to support you when life gets tough. By covering your rent payments, we lift the financial burden of juggling how you allocate your savings or unemployment benefits. With manageable monthly payments today, you’re investing in a safety net for your future. This proactive approach allows you to focus on what truly matters — finding your next job opportunity. Rhino provides the confidence and peace of mind you need to navigate life’s uncertainties. 

Closing Thoughts

Remember, losing your job doesn’t mean losing control of your future — enroll in Rhino’s Loss of Employment Protection today to secure your home immediately!  While the road ahead may feel uncertain, staying proactive ensures you’ll remain financially resilient no matter what comes your way. With the support of this policy you can confidently take the next step towards a brighter future. 

*Any cost, premium, or coverage stated before receiving an official customer quote are estimates and an approximation and are not guaranteed. Customer quotes are based on the information provided on this platform, and are subject to required underwriting and rating factors. Until an official customer quote is provided, all communication on this website is provided as an example for informational purposes only, and is neither an offer nor a guarantee of available premium or coverage. This information may not be used to modify any policy that might be issued. Any information provided to assist in understanding the coverage offering does not modify any insurance policy, nor does it imply that any claim is covered. Actual cost and premium are subject to the unique considerations of each individual. Any coverage afforded by the product described is subject to policy terms, conditions, and exclusions and may not be available in all states. Insurance is placed by STP Insurance Services LLC, a licensed agency, (CA Lic No. 6005386), and may be underwritten by a nonadmitted, excess/surplus lines carrier that is not licensed in that state. **Rhino’s Loss of Employment Protection insurance policy has a 90-day no usage, no claim period, also known as a waiting period. You will not be able to make a claim until the 90 days have passed.

Chloe Shechter

Chloe is a Senior Marketing Associate at Rhino.