Home insurer Hippo has announced its expansion into commercial Insurance, with the launch of a tailored homeowners association (HOA) product.
The product is designed to provide broader protection alongside a streamlined claims process.
Commercial customers will have access to Hippo’s personalised coverage, backed by the company’s data-driven underwriting, satellite and aerial imagery, and designed with the HOA and its board members in mind.
Hippo’s Commercial Insurance will include personalized insurance policies, modern coverage and higher limits set for items that personal lines and traditional commercial lines typically do not include, such as pools, landscaping, private roads, retaining walls, and elevator collision.
“Supporting the homeowners association transcends into protecting the homeowner and their community,” said Rick McCathron, Hippo’s President.
“Our mission is to bring back the joy into homeownership, and we recognize what it means to be part of the community in which you live.
“By bringing a new approach to an industry that’s been fragmented and developing new proactive solutions for the homeowner association, we can ensure that communities have highly tailored and personalized coverage and that our customers are well cared for and protected.
“Backed by our team of insurance veterans, we will modernize the commercial insurance experience while preserving the individual communities’ unique coverage and risk needs.”