Hippo Insurance Launches Coverage in Second State – Arizona

SAN FRANCISCO, Aug. 16, 2017 (GLOBE NEWSWIRE) — Hippo, an emerging provider of next-generation home insurance for smart and savvy homeowners, today announced the availability of its service in Arizona . Homeowners throughout the state can now quote and purchase smart home insurance online in approximately 60 seconds. No commissioned agents, fine print or endless paperwork – Hippo offers homeowners a new and transparent way of purchasing affordable coverage policies for the modern household.

Technology has forever changed the way people purchase goods and services online; expectations are that anything can be bought or sold quickly and for the right price. Hippo brings the same approach and mentality to a traditionally unsophisticated, paper-based industry. Hippo’s mission is to use the latest innovations and a deep understanding of what today’s homeowners need to reinvent the home insurance industry, one state at a time.

“Our extensive research shows a majority of homeowners simply don’t know what their traditional home insurance policies protect and cover,” said Assaf Wand, Hippo CEO and Co-Founder. “That’s why we set out to change the way people think about home insurance by giving customers the ability to quickly quote and purchase more comprehensive and lower-priced policies online.”

Prior to its launch in California in April 2017, Hippo fielded a wide-ranging homeowner study that pinpointed the challenges people face when purchasing home insurance. The study found that a staggering 73 percent of homeowners miscalculate how much coverage is required for their homes, while 70 percent of respondents said they do little to no research before purchasing policies.

To solve for these challenges, Hippo has streamlined the process of finding home insurance by offering more transparent and affordable coverage options from the convenience of a computer or mobile device.

With Hippo, customers enjoy:

Significant Cost Savings – By selling directly to the consumers and removing expensive commissioned agents, Hippo saves homeowners up to 25 percent compared to industry prices.
Coverage Options, Supercharged – Hippo offers traditional property and liability coverage, plus other important protections traditional home insurance providers can’t offer, including:
– Home office and computer protection
– Special repair coverage for major appliances
– Boosted covered for rebuilding homes
– Water backup and service line protections
– Domestic workers coverage
– Local ordinance and law coverage
– Free IoT sensors that help prevent damage before it happens

To ensure further peace-of-mind, Hippo is powered by a best-in-class customer service and claims team – humans, not robots. Homeowners who have questions can call, chat, email or tweet customer service, and the Hippo customer service team will even cancel existing home insurance policies, free of charge.

Arizona marks the second state in Hippo’s nationwide expansion, with several other states, including Texas and Pennsylvania, scheduled to launch soon. For more information, please visit www.myhippo.com.

About Hippo 
Hippo Insurance is based in Mountain View California. The company launched April 2017, after raising $14M to reinvent home insurance. Among its many innovations, Hippo allows homeowners to quote and purchase home insurance in approximately 60 seconds online, save up to 25% compared to industry prices, and obtain coverage that is much more updated for modern homeowners. This includes protection for modern day possessions like consumer electronics, home offices, and appliances. The company was founded in 2015 by Assaf Wand and Eyal Navon.

Source: Hippo via hippo@grayling.com.