Honeycomb expands to Connecticut and Virginia, now covering ~60% of US population

Honeycomb Insurance, an MGA providing simple, fair, and affordable multi-family property insurance, has officially launched in Connecticut & Virginia, their 15th and 16th active states. With Connecticut and Virginia live, Honeycomb now covers ~60% of the US population across 16 states (other states include: AZ, CA, IL, IN, GA, MA, MI, NJ, NC, OH, PA, TX, UT, & WI).

Honeycomb, which began operating in 2021, offers customizable insurance coverage for apartment buildings, condominium associations, and single-family rental dwellings. By integrating aerial imagery with cutting-edge technologies including computer vision, artificial intelligence, and machine learning, Honeycomb can underwrite risks quickly and accurately, delivering significant value to its landlord and condo association customers.

The platform’s ability to quickly provide online quotes for comprehensive commercial coverage transforms the traditionally lengthy and complex quote process, making it more efficient for property managers, association boards, and their respective brokers.

With numerous multi-family properties, Virginia and Connecticut are poised to benefit from Honeycomb’s advanced technology and insurance solutions, which provide broader coverage and exclusive discounts for well-maintained properties.

Honeycomb insures $21B of assets and is growing at a pace of 200-300% year over year. Honeycomb is backed by top institutional investors including IBEX Investors, Phoenix Insurance, New Era Capital Partners, IT-Farm Corporation, Sure Ventures, and Distributed Ventures.