Hippo finds a home
Hippo and Home Point Financial, a national mortgage originator and servicer, have teamed up to bring Home Point customers access to “modern home insurance.” As part of the partnership, Hippo’s insurance product will be integrated into the Home Point online mortgage portal. During the partnership’s initial phase, Home Point customers who have purchased home insurance from Hippo have realized an average savings of $421.00, or 32%, versus their previous premiums.
According to the press release, Hippo is the exclusive home insurance provider offered within Home Point’s portal, ensuring that qualifying customers have the opportunity to select “the very best coverage available for their properties.” However, in March, Home Point announced a partnership with Matic Insurance to help its customers find “competitively priced homeowners insurance.”
“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.” – Brian Brizard, COO, Home Point Financial.
“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.” – Yuval Harry, VP, Partnerships, Hippo.