Eliminating All the Wrinkles off Your Home Insurance Experience

Human beings are known for a myriad of different things, but most importantly, they are known for getting better on a consistent basis. This progressive tendency, on our part, has already got us to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, based on its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience from all conceivable directions, but even after achieving such a monumental feat, technology will somehow continue to deliver the goods. The same has turned increasingly evident over the recent past, and assuming a new development around the insurance block ends up making the desired impact, it should only propel that trend to bigger and better heights moving forward.

Hippo, the home insurance group focused on proactive home protection, has officially launched a new segment called Hippo Builder Insurance Agency (HBIA), which is conceived to help builders in unlocking a new and predictable revenue stream. Talk about how the whole thing works from an actionable standpoint, the builder can access their new revenue stream by providing HBIA with meaningful data regarding a property. Once they have done so, HBIA pays them for every lead no matter whether the homeowner closes on the property or purchases a policy through the agency. Now, while this feature is a significant once, the agency’s biggest differentiation actually comes from its access to Hippo’s industry-leading technology stack that leverages a specialized API to ingest each home’s specific and exclusive details rather seamlessly. Hence, with this exclusive builder data, HBIA is able to present an accurate quote for the entire development before addresses are assigned or a customer is attached to a particular property. Another detail worth mentioning here is how the agency consistently reviews offerings from multiple HO5 carriers it represents, and therefore, ensures that every customer gets the policy they need. Such a granular-level attention eventually empowers HBIA to deliver quotes which are customized as per the home’s unique details. The final step here sees the agency sharing relevant insurance information with the builder’s mortgage and title partners so to avoid any closing delays and simplify the overall home-buying process.

Hippo’s excellence in servicing the construction space is further validated by the fact that, since launching in 2019, the company has earned more than 100,000 customers.

When quizzed regarding Hippo’s new take on home insurance, Rick McCathron, President and CEO of the company, responded by focusing on the move’s low-risk and highly-convenient nature.

“There is a misconception among builders that creating an agency to offer home insurance requires the allocation of significant resources and time,” he said. “Neither is true – our technology makes this turnkey, allowing us to begin quoting a new partner’s leads in as little as two weeks. There is zero cost to our partners and they are not exposed to any additional operational risk.”