Tag: smart home insurance

Could Hippo Insurance model really change the homeowners market?

Nordstrom
InsuranceBee and Hiscox launch insurance agent partner program

The startup insurer officially launched in California with a new way of looking at coverage. Hippo Insurance had its official launch in California this week and has taken a different perspective for homeowners policies. The concept is to offer smart homeowners insurance for modern homes. This insurance company is based in Mountain View, California and hopes to freshen the market. The insurer claims that the homeowners insurance market has barely seen any change at all in fifty years. Hippo Insurance hopes that with the changes it’s making, consumers will be…

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Homeowners insurance industry isn’t impressed with smart homes

H. Cutner
homeowners insurance industry, smartphone smart home

Despite the claims device makers have made about improved security, insurers aren’t lowering bills. The smart home device market has led to millions of dollars in sales but has not managed to impress the homeowners insurance industry. Americans have been buying WiFi connected smoke detectors and security cameras in droves. However, home insurance companies aren’t yet convinced that they are worthy of premiums discounts. A traditional smoke detector may bring savings to many homeowners, but more recent gadgets are still unproven. With the average rates across the homeowners insurance industry…

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