Hippo Insurance is Now Available to 50 Percent of U.S. Homeowners and Tops $50 Billion in Total Insured Property Value
Hippo, the
Hippo developed a modern approach to home insurance by blending its data-driven application process, with policies that offer baked-in coverage beyond what typical insurers provide such as home office, water damage and service lines. The result gives homeowners access to 60-second quotes and policy purchases done online. Hippo also pioneered a collaborative intelligence claims process with a concierge team that manages claims from start to finish with empathy and a single-point of contact.
Hippo also launched the industry's first proactive, fully integrated smart home offering last year, sending each customer a complimentary smart home starter kit. The company rewards customers for activation of sensors with a smart home insurance discount.
Hippo's Growth by the Numbers:
- 25 percent month-over-month sales growth in the past year
- Total insured property value over
$50 billion dollars - In
January 2019 , Hippo became available to 50% ofU.S. homeowners - In the past six months, the company has increased its coverage area into these 12 U.S. states:
Minnesota ,Wisconsin ,Illinois ,Missouri ,Indiana ,Ohio ,Pennsylvania ,Maryland ,Tennessee ,Mississippi ,Alabama andNevada - Shipped tens of thousands of smart home sensors to customers in the last six months
- Four percent of these smart home sensors have detected in-home water leaks, proactively resulting in zero claims
- Increased headcount outside of its
Silicon Valley office, quadrupling the number of employees inAustin, Texas from 10 to over 40 employees over the past year
Hippo's smart home insurance policies offer more comprehensive coverage for today's homeowners while cutting premium costs. Sixty percent of
"At Hippo it's our goal to evolve the entire relationship between homeowner and insurance provider, something that has received very little attention from the industry in the past," said
Hippo's Expanded Team Supports Growth:
Hippo more than doubled its staff in 2018 and today expands its senior executives in significant areas such as actuarial underwriting and servicing, engineering, branding, corporate finance and customer experience.
Key Employee Additions:
About Hippo
Hippo is on a mission to transform home insurance for the modern household. Among its many innovations, Hippo allows homeowners to get a quote in 60 seconds or less and purchase home insurance online, save up to 25 percent compared with traditional insurers and obtain smarter coverage for modern households. This includes protection for possessions like appliances, consumer electronics and home offices. Founded in 2015 by
Additional Resources:
Read UNCOVERED, the Hippo blog: https://myhippo.com/blog/
Follow Hippo on Twitter: @hippo_insurance
Connect with Hippo on Facebook: @myhippo.insurance
Read the full story at https://www.prweb.com/releases/hippo_insurance_is_now_available_to_50_percent_of_u_s_homeowners_and_tops_50_billion_in_total_insured_property_value/prweb16192510.htm
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