Insurtech startup Hippo Insurance announced on Thursday it has teamed up with Neptune Flood, a data-driven flood insurance company, to launch a new online home and flood insurance solution.
Launched in 2017, Neptune Flood allows users to quote and buy flood insurance in under two minutes, removes the traditional waiting period and doesn’t require the standard elevation certificate.
“Born out of the expanding need for flood insurance, Neptune offers coverage in low and high-risk flood zones with savings up to 20% over the government’s National Flood Insurance Program (NFIP). The company’s advanced mapping technology provides highly accurate flood zone and risk-evaluation, offering homeowners near flood areas a better sense of their insurance needs.”
Speaking about the partnership, Assaf Wand, CEO and Co-founder of Hippo Insurance, stated:
“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’suse 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.”
Jim Albert, CEO of Neptune Flood, went on to add:
“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.”