Neptune Flood and Hippo Announce Partnership
Neptune Flood has partnered with Hippo Insurance to provide flood coverage to Hippo customers. As part of the partnership, Neptune flood’s coverage will be integrated into Hippo’s online binding process.
“Many of our customers, across Texas, Pennsylvania and California are in need of high-quality flood insurance to properly protect their homes and prized valuables. Neptune Flood’s use of technology, expedited onboarding experience and fantastic coverage options makes them a perfect match for our modern home insurance coverage and seamless sign-up process.” – CEO and Co-founder of Hippo Insurance, Assaf Wand.
“Neptune is forming relationships with transformational distribution partners with a passion for changing the way households think about and buy insurance. Hippo is an example of our commitment to best in class partners who share our values in educating and helping our neighbors better protect their homes against the risk of flooding, while saving time and money.” – CEO of Neptune Flood, Jim Albert.
Nearly 80% of the properties flooded by Hurricane Harvey, which ravaged the Texan coastline in 2017, were considered low-risk homes by the Federal Emergency Management Agency (FEMA). While banks and lenders do not require homeowners in low-risk zones to obtain flood coverage with their home insurance policies, Hippo and Neptune are working together to fill the gap between lender requirements and the reality of increasing flood risk.