Huddle Introduces Kanga Cover
Huddle, the Australian insurance startup “on a mission to fix insurance,” has introduced Kanga Cover, an add-on coverage for drivers in the event of a collision with a Kangaroo (or other animals).
The new policy – which allows customers to claim one collision per year – was introduced after Huddle conducted a “Roo Report,” which revealed more than 7,000 Aussie drivers made insurance claims relating to kangaroo collisions per year. Huddle will also donate $1 from each Kanga Cover optional benefit purchased to the Kangaroo Protection Co-operative to help injured kangaroos.
“There are 20 (kangaroo) claims per day on average in Australia, and there’s usually little you can do about it – it just jumps out and you have no choice but to hit it, and yet the norm in the insurance industry is to place the driver at fault. Our member council told us resoundingly the idea of having to pay that excess seemed unfair, so we looked at how we could solve this problem.” – Huddle’s cofounder and joint CEO Jonathan Buck.
Launched in 2016, Huddle has raised ~$23m and offers home, car, and travel insurance by Hollard, which is also an investor. The startup has attracted an average of ~36k monthly visits between March and May, and has recently launched an iPhone app. According to Trustpilot, the Certified B Corp was reviewed by ~700 people, yet Facebook reviews are disabled.
Bottom Line: Since 2017 over 20,000 people have chosen Huddle for their insurance.