Hippo expands home builder access

Hippo will expand home builder access to its New Homes Program in California, Florida, and Texas. By the year’s end, Hippo’s New Homes Program expects to provide access to insurance for almost 50,000 additional new homes in the three states, which, according to the U.S. Census Bureau, accounted for more than a third of new construction permits in the U.S. in 2023.

Hippo also announced Perry Homes and Van Daele Homes have joined the Hippo New Homes Program. In addition to Perry Homes and Van Daele Homes, Hippo works with four of the top twenty homebuilders in the US according to Zonda’s 2024 Builder 100 list. The company plans to partner with additional home builders in the coming months and expand access to new home insurance solutions in other states.

Hippo’s New Homes Program provides home builders access to insurance products specifically designed for new homes from a panel of carrier partners. New Homes Program carriers simplify the underwriting process by only using information about the house to issue policies that typically provide lower deductibles and more flexibility than a standard homeowner’s policy.

Hippo’s homebuilder partners gain access to a scalable, embedded insurance solution that streamlines the closing process for sales teams, lenders, and homebuyers by automating the evidence of insurance process.

“In recent years, many of our home builder partners have struggled to find a consistent insurance solution for new homes in California, Florida, and Texas. These three states are home to some of the hottest residential new construction markets in the country, and our growth marks the beginning of a nationwide expansion of Hippo’s New Homes Program.” – Rick McCathron, Hippo’s President and CEO.