If you own a home, you need to carry home insurance to protect this significant financial asset. Moreover, mortgage lenders require homebuyers to purchase a home insurance policy. Home insurance usually covers your house, other structures that are located on your property, covered possessions within your home and liability to cover you if someone is injured on your property.
The insurance industry offers many options for providers and policy terms, so how can you ensure you find the right provider for you?
One insurance provider that strives to offer the very best home insurance options to its customers is Hippo, a relatively new provider seeking to redefine home insurance for American homeowners.
What exactly is Hippo Insurance? This insurance company takes a fresh approach to homeowners insurance and provides modern households with smart home insurance.
Hippo Insurance launched to provide homeowners with quality home insurance. The Hippo Insurance company wanted to modernize coverage, automate the process and offer coverage to consumers with great savings. The company believed that it could reduce the expense of insurance for homeowners across America, and now one of the company’s central focuses is on providing quality insurance and service to consumers at affordable rates.
Hippo Insurance recognized that smarter homes were also safer homes, so the company takes a proactive approach by providing smart home devices to customers. Prevention is one of the core goals of Hippo Insurance coverage. Customers can work with Hippo Insurance to identify and resolve issues in their homes before they become bigger problems that result in large claims.
How does Hippo Insurance work? The company’s pledge to its customers includes:
Hippo offers quality insurance and service to its customers, which has led many consumers to work with Hippo and many states to include this company among their insurance providers.
In 2015, Hippo Insurance launched. This insurance company wanted to make it easier to purchase home insurance online and make coverage more transparent. Hippo Insurance noticed that many homeowners in the U.S. were underinsured, and many homeowners didn’t truly understand what coverage was included in their policies.
Because home insurance hadn’t changed much in the past half-century, this insurance was challenging to purchase online and the coverage was not very transparent. The co-founders of Hippo Insurance, Eyal Navon and Assaf Wand, realized that the majority of homeowners were spending too much money and time on purchasing home insurance because of hidden fees and commissions. They created Hippo Insurance to address these issues and redesign home insurance. If you believe you may be overpaying for home insurance, use our instant quote calculator to determine if your premium is too high.
How did Hippo Insurance change home insurance? First, the company added 10 features to their home insurance policy that weren’t part of standard policies. The company also used new technologies to create a fast online purchase process, while also eliminating unnecessary or hidden fees. Additionally, Hippo Insurance created smart home sensors that could help their policyholders prevent loss.
Hippo offers homeowners insurance or condo insurance and provides several services, including underwriting, marketing and customer support.
Today, Hippo Insurance has an A- Excellent AM Best Rating and 300 years of combined experience.
Is Hippo Insurance available in your state? Hippo is licensed and operates in almost half of the U.S. Consumers can purchase home insurance from Hippo in the following 21 states:
If you live in any of these states, you can obtain Hippo Insurance coverage. The company is growing quickly, so if Hippo isn’t currently operating in your state, check the states Hippo is licensed in soon to see if your state has been added.
What makes Hippo Insurance different from other insurance providers? The following are a few of the reasons Hippo stands out from the competition:
With Hippo, consumers can receive a quote in 60 seconds and quickly go on to make a purchase. Your personalized quote can be delivered online, by phone or through Facebook Messenger. Hippo wants to cater to the needs of today’s average homeowners, which means making home insurance fast and convenient to find and buy.
Home insurance and protection should be about more than providing financial relief after a disaster. That’s why Hippo Insurance aims to help its customers prevent damage to their homes in the first place.
By using the Internet of Things, data and smart home sensors, Hippo can identify problems early on and prevent damage before it can occur. Part of this technology includes a free water leak detector that can immediately send digital alerts when an initial sign of water damage is detected.
What Hippo truly sets the company apart from the rest is its top-notch service. It’s customers depend on Hippo to provide protection for their biggest assets. As such, Hippo offers compassionate customer service to homeowners, including finding hotel rooms where homeowners can stay if their home becomes unlivable and providing supervision over repairs after damage occurs to a customer’s home.
At Hippo Insurance, claims are second and customers are first. You’ll be treated like a human being, not like an item on a conveyor belt.
How has Hippo Insurance created a faster application process? Hippo pulls data from a variety of sources, such as aerial photography of a roof, permit filings and property records to create a streamlined application process and monitor risk continually.
Since customers can get a quote in as little as 60 seconds, they can quickly jump into the streamlined application process. Many other carriers require potential customers to answer more than a hundred questions just to obtain a quote, so the speed with which consumers can get a quote and apply for home insurance gives Hippo a competitive edge even among the industry giants.
Compared to other standard policies from home insurance providers, Hippo offers its customers a coverage package that’s more comprehensive. The founders of Hippo Insurance noticed a lack of relevant coverage options for the modern homeowner and decided to fill those gaps in coverage by considering the needs of the average American homeowner. What modern conveniences do today’s Americans rely on? What problems are homeowners facing with their current home insurance coverage?
To address their concerns and the needs of homeowners, Hippo Insurance has established a home insurance policy with plentiful coverage options that cater to the modern homeowner.
Hippo Insurance wants to provide homeowners with the best protection possible for their homes. This means the company has included several bonuses and coverage options in its home insurance policies, including:
Hippo wants to offer its customers more than the bare necessities in its home insurance policies and provide homeowners with the coverage they need.
Have you ever had to replace an expensive home appliance like your washer or dryer? These expenses are unexpected and usually come up at the most inopportune times, forcing us to dip into our savings or even take out a personal loan to cover the cost. That’s why Hippo offers equipment breakdown coverage with its home insurance policies.
What is equipment breakdown coverage? This coverage option will cover a loss from an electrical or mechanical breakdown of your home’s HVAC equipment and other home appliances, such as washers, dryers and refrigerators. You’ll save money and spare yourself the headache of figuring out how you’ll afford to replace a broken appliance.
If you live on a hill or don’t own a basement, you may think you don’t have to worry about a sump pump failure damaging your home. Or you may believe that a water backup from a drain failure in your home is covered by flood insurance. These misconceptions can lead homeowners to spend thousands of dollars on repairs without the right coverage.
What is water backup coverage? Also sometimes known as sewer or sump pump coverage, this coverage will cover any damage from a drain backup that overflows into your house. With this water backup coverage, you’ll be able to repair a leak or a burst pipe without compromising your budget.
When a utility line under your lawn breaks, as the owner of the land, you’re responsible for fixing it. That’s why you need service line coverage.
What is service line coverage? This coverage will help offset the costs of repairing a utility line after it breaks. Since these repairs can be quite costly, this coverage can help you save money.
If you have a partner or a family, you probably have more than one computer in your home. In fact, the modern American home tends to have multiple computers and other valuable electronics. Wouldn’t you like to have those expensive computers covered?
While many homeowners insurance policies offer coverage for computers, the coverage tends to be pretty limited, considering how many computers the modern home contains and how expensive these electronics can be. What coverage can you expect for your computers from your Hippo insurance policy? Because Hippo Insurance strives to be in touch with the modern homeowner, this company offers significantly more coverage than other standard home insurance policies so you can cover multiple computers in your home.
With the prevalence of the internet and the shift among employers toward more remote and work-from-home positions for employees, home offices are becoming more and more common in the U.S. To ensure your home office is covered by insurance, you’ll need home office coverage.
What is home office coverage? Many home insurance policies don’t offer any coverage for in-home businesses. In fact, many insurance providers won’t even quote a policy with business activity in the home. This is another coverage option that makes Hippo stand out. As long as your clients aren’t visiting your property, Hippo provides coverage for your home office business.
Today, many of us are so busy with our careers, hobbies and social lives that keeping up with household tasks like cleaning and cooking becomes nearly impossible. When that happens, we look to outsourcing those responsibilities to a domestic worker.
If you have a domestic worker who works in your home — such as a housekeeper, nanny, cook or babysitter — then you’ll want to have coverage for domestic workers. This coverage is included in Hippo’s home insurance policy, so you’ll be covered if you need it.
Small leaks in the home can lead to big problems. That’s why Hippo offers its customers a home leak detector.
What is a home leak detector? This smart device is included as part of your welcome package when you become a Hippo Insurance customer. This device monitors for leaks in your home and helps reduce the risk for a water claim, benefitting both provider and customer.
With such an abundance of coverage options, it’s no wonder so many American homeowners are choosing to protect their homes with Hippo Insurance.
How can you make a claim with Hippo? The process for filing Hippo insurance claims is simple — place a call to Hippo’s claim concierge line at 855-999-9746. A Hippo Insurance claims advocate will work to manage your needs and find the most effective solution to your claim as fast as possible. This point of contact will help you through communications with service providers and adjusters and even help you book a hotel room or secure transportation.
Claims are typically the reason why a homeowner has a bad experience with their home insurance provider. Hippo Insurance knows that claims are a stressful, exhausting experience for customers, which is why the company places a strong emphasis on customer service.
When it comes to claims, Hippo performs above other new entrants in the industry. While an older carrier may be well-equipped to handle claims because of their experience paying out large sums of money over many years, you’ll also need to fund those payouts, along with expensive ad budgets. Older, big-name carriers spend millions or even billions of dollars on advertising alone, and their customers are the ones paying for those advertising campaigns.
This means that new entrants like Hippo can compete even with older carriers in the insurance industry.
Hippo Insurance is a new provider offered by David Pope Insurance Services. We support this change in the industry and want to provide our customers with the most favorable terms and coverage options. To learn more about how we can meet your insurance needs, contact us at David Pope today.