Hippo
Hippo offers homeowners insurance with a 60-second quote process, smart home technology, and enhanced coverage options. They provide insurance in 40 states and have insured over 200,000 homes in the U.S.
Homeowners Insurance Services
Hippo offers homeowners insurance with a focus on speed and technology. Customers can receive a quote in just 60 seconds. The company provides comprehensive coverage, including enhanced protection for computers, home office equipment, appliances, and electronics. Their policies come with service line coverage for gas, electric, and sewer connections, as well as extended replacement cost coverage and building codes coverage. Hippo also includes smart home monitoring systems with their insurance policies, aiming to prevent claims before they happen.
Smart Home Technology Integration
Hippo integrates smart home technology into their home insurance plans to help prevent claims and maintain homes. Customers can get discounts for installing smart home devices, and they are provided with a comprehensive home maintenance checklist. The Hippo Home app offers personalized maintenance plans and DIY guides, making it easier for homeowners to manage their properties effectively. The combination of smart home technology and insurance coverage aims to provide better protection and savings for homeowners.
Range of Insurance Products
Hippo offers a variety of insurance products to meet different needs. This includes homeowners insurance (HO-3, HO-5, and HO-6) as well as landlord, fire, and HOA insurance. Moreover, they provide additional coverage options for specific risks such as earthquakes, floods, and mold. Hippo's insurance services cater to various scenarios, ensuring that homeowners are well-protected against a wide range of potential issues.
Claims and Support Services
Hippo's claims support is designed to be efficient and accessible. They provide a network of vetted home repair professionals to assist with claims, and their dedicated claims team is available 24/7. Homeowners can benefit from additional living expense coverage if their home becomes uninhabitable, ensuring they have a place to stay while repairs are made. Hippo prioritizes customer service and aims to make the claims process as smooth as possible.
Market Reach and Savings
Hippo has insured over 200,000 homes across 40 states in the U.S. The company aims to offer up to 25% savings by modernizing home insurance through technology and streamlined processes. Hippo's competitive rates and broad coverage options make them a significant player in the home insurance market. They also operate with a competitive commission structure for agents, offering incentive opportunities to foster a wider market reach.