U.S. insurtech startup Hippo Insurance has joined forces with Kangaroo Home Security to bring customers flexibility and financial ease with home insurance. According to Hippo, the collaboration expands the suite of smart device kits available within Hippo’s expansive smart home program to include a self-monitored smart home security kit from Kangaroo
“New Hippo Insurance Services customers who enroll in Hippo’s smart home program will be eligible for a home security kit from Kangaroo with their home insurance policy. The self-monitored smart sensors from Kangaroo detect specific issues around a home, which include some of the biggest homeowner concerns that commonly lead to claims, including leak and motion detection. The five-piece Kangaroo security system tailored for Hippo customers will include a siren and keypad, water and climate sensor, motion and entry sensor, ‘roo’ tags and a ’24/7 protection’ yard sign.”
Hippo further revealed that its customers who activate their Kangaroo home security kit will secure an average annual savings of $64 on their home insurance premium. Customers will also gain access to a “seamless” setup and an active alert system available through the Kangaroo app, supported on all iOS and Android devices. Yuval Harry, Chief Revenue Officer of Hippo, spoke about the partnership by stating:
“Smart sensors and devices have become a more natural part of homeownership and most importantly, home protection, as we’ve seen through the evolution of Hippo’s smart home program over the past three years. Our partnership with Kangaroo offers our customers top-notch smart home devices ensuring they’ll always have the most effective tools, services and insurance policies to keep their homes protected.”
Founded in 2015, Hippo describes itself as a home insurance company that’s changing the way people safeguard their most important asset.
“We’ve reimagined the traditional homeowners insurance policy, removed things that didn’t make sense, updated the necessities and increased coverage for contemporary needs, things like smartphones, electronics and home office equipment.”
Hippo recently announced it secured a $350 million investment and formed a partnership with Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc.