Sign up for a free trial to view exact valuation and search companies with similar valuations. Compare pay for popular roles and read about the team’s work-life balance. Hippo, headquartered in Palo Alto, Calif., was founded in 2015 as a managing general agent and is now a stock insurer that sells in 33 states. So why do you need home insurance? Condo insurance (HO-6) covers the structure of the condo itself, the … Insurance is a complex topic. If you are purchasing a new house or looking to switch insurance policies, there are a variety of homeowners policies to consider. support@hippo.com. Those with home businesses or additional structures may want more coverage, while those with pricey heirlooms may need increased policy limits. If you don’t find yourself fitting into any of the situations above, you may need a more unique insurance policy. Profile Hippo Insurance: Finding the balance between people & processes Darin McCarthy is building a claims team that embraces new technology and the personal touch for claimants. Spinnaker Insurance Company underwrites the homeowners policies sold by Hippo in the other states listed above. When purchasing condo insurance, it’s important to first determine what protection your building owner will provide. Levels of coverage refers to the amount of money insurance companies will pay you in the event of damage or destruction. Simply enter your details, compare quotes and select "I'm … Personal belongings coverage, also known as personal property protection, takes your coverage a step further by protecting the items inside your home. Hippo is an American property insurance company based in Palo Alto, California. Hippo.co.za will provide Car Insurance quotes from a range of South African insurance brands. This open policy includes more coverage than the special form (HO-3), but often excludes earthquake, flood, mold and nuclear damage. The most common type of homeowners insurance, special form insurance (HO-3) includes dwelling, belonging and liability coverage. However, there is usually a claim limit for these types of items, so additional coverage may need to be purchased for unique natural disasters or more expensive belongings. I had excellent communication with my customer service representative and I love the use of technology to bring prices down!". There are eight types of homeowners policies available, and the one that’s right for you will be based on your coverage needs and the type of home you have. This means that if your furniture, tech, appliances or even jewelry gets damaged, stolen or lost, you can file a claim for reimbursement for the cost of the item. Hippo also claims that new customers can save up to 25% on their homeowners insurance premiums through Hippo. The coverage of broad form (HO-2) policy's extends beyond basic form’s (HO-1) to include personal belongings and additional perils. Because of this, it’s worth reevaluating your home insurance policy (and company) each year to ensure you are getting the right protection and the best deal. Payment Information. A mobile home (HO-7) policy offers a very similar level of coverage as the special form (HO-3), but for mobile homes instead of standalone houses. A named peril policy means that you are only covered for listed events, while an open peril policy provides more robust coverage from unexpected events that are explicitly listed. *Estimated premium savings based on state rate comparisons of Hippo's prices as compared to average industry price. Actual cash value coverage means that the insurance company will pay to replace the structure or personal belongings, but will deduct some money from their total payment due to depreciation on said items. This means that while the structure of your home is covered, your belongings and personal liability are left unprotected. In recent years, this basic policy has become less common, as most lenders don’t consider them to provide sufficient coverage for homes. Policies provided by Hippo in AZ, CA, CO, NV, OR, UT and WA are underwritten by, Policies provided by Hippo in AL, AR, AZ, CA, CO, CT, DE, GA, IL, IN, KS, KY, MD, ME, MN, MO, MS, NH, NE, NJ, NM, NV, OH, PA, SC, TX, TN, VA and WI are underwritten by. Your home is arguably your biggest financial investment, so it’s important to protect it. Dwelling coverage is usually the largest part of your policy, as it covers repair and rebuilding costs of your home. We are officially licensed as an insurance agency and offer Hippo home Insurance products in the following states (with more coming soon): The insurance CEO who gives customers his cellphone number, Hippo raises $70M amid outreach to California wildfire victims, Even cops say Hippo’s new Alexa ‘skill’ might scare off potential burglars, The home insurance company that uses AI to safeguard customers, One way to troubleshoot home repairs before bringing in a contractor, Hippo strengthens position as insurtech leader, Harvey is a wakeup call to check your homeowners insurance. Smart insurance coverage for your modern lifestyle. Sometimes referred to as Coverage A, this section of your policy will protect you from damage from most disasters including fire, wind or lightning. New Ownership, Continued Expansion for Davies Uncover why Hippo Insurance is the best company for you. While home insurance policies are pretty comprehensive, you may choose to purchase additional coverage. Hippo Insurance is funded by 33 investors. About. It also includes coverage in case you damage someone else’s property or need financial assistance from an injury that occurred outside the home. Homeowners insurance works by covering costs associated with damages to your home and belongings, or injuries to others that occur on your property. Hippo is a digital first homeowners insurance provider. Hippo is a relatively new insurance carrier who sold its first insurance policy in 2017. In some instances, it may even protect you financially should you damage someone else’s home. The three levels of coverage are actual cash value, replacement cost and extended replacement cost. Each policy falls within two categories: named peril policy or open peril policy. Below is a breakdown of all the single home coverage options available, including the damages and categories they cover. Hippo focuses on the customer experience and attempts to dispense with insurance jargon to make buying and understanding a homeowners insurance policy easier. Liability coverage typically includes coverage for medical bills, legal fees, lost wages and even death benefits. Hippo automates the process and modernized coverage for homeowners to change the way people safeguard their most important asset. Hippo was founded on the belief that homeowners deserve better insurance. Special form protection for personal belongings typically don’t cover events such as earthquakes, floods, government seizures, mudslides, ordinance updates, sewer backups and sinkholes. You can also access your policy information and. Hippo Insurance has a post-money valuation in the range of $1B to $10B as of Jul 24, 2019, according to PrivCo. Not all homeowners insurance policies are the same. It offers intuitive and proactive home insurance However, if you live in an area prone to flooding or earthquakes, you may want to look into additional coverage as those events aren’t often covered. Save up to 25%* This means that your insurance company will help you financially when repairing or replacing your home’s structure (including additional structures on the property), your personal belongings (even when it’s not inside your home) and any costs associated with injuries that occur at your home. Are all home insurance policies the same? Hippo sells homeowners insurance-traditional property and liability coverage- and provides service via a smart tech platform. It’s best to consider all belongings and structures on your property, as well as the daily wear and tear on your home before deciding which policy to move forward with. Find out what works well at Hippo Insurance from the people who know best. Hippo, an online insurance platform “transforming home insurance and ownership” has acquired the Spinnaker Insurance Company, a national Property & Casualty insurer licensed in all 50 states and rated A- by A.M. Best. Excluded events typically include animal damage, corrosion, earthquake, flood, foundation damage, fungus, government seizure, landslide, mold, mudslide, nuclear hazard, ordinance upkeep, rot, rust, sinkhole and smog.