Insurtech startup Hippo Insurance recently announced it has formed a new partnership with Home Point Financial, a national mortgage originator and servicer. Hippo reported that with its online application process integrated directly into the Home Point online mortgage platform, customers may now take advantage of home insurance savings and coverage, with premiums that may be paid directly through their escrow payments.
“During the partnership’s initial phase, Home Point customers purchased policies in all 20 of the states where Hippo Insurance’s policies are currently sold. In addition, Home Point customers who have purchased home insurance from Hippo have realized an average savings of $421.00, or 32 percent, versus their previous premiums.”
While sharing more details about the partnership, Brian Brizard, COO of Home Point Financial, stated:
“There is a massive shift happening across financial services to put a laser focus on the individual customer and their respective needs, while promoting the right type of products and engagement. Hippo is as passionate about customer experience as Home Point, and so it’s our aim, together, to provide all the additional value borrower’s need as they manage what’s often the most important financial purchase of their lives. We deeply investigated home insurance providers for their customer experience, tailored coverage, pricing and technology before landing on Hippo, truly the best in-class solution for businesses like Home Point Financial and customers alike.”
Yuval Harry, Vice President, Partnerships of Hippo, went on to add:
“Hippo is building the future of home insurance with a partner ecosystem that is helping to shape the future of home buying and home ownership. In order for the services that surround buying a home to work together, providers like Hippo and Home Point must help customers bring both lending and insurance purchase-points closer together. This collaboration is an excellent example of how technology can work together to create happy customers across multiple states.”