Hippo, a home insurance company, is part of a new group of companies that are focusing on modernizing the insurance industry and making it more efficient using technology. Hippo offers high-tech perks such as smart home monitoring systems in many states.
Overall performance, Hippo homeowners insurance received 5 stars from 5 Our editorial team determines NerdWallet’s ratings. The scoring formula considers coverage and discounts, ease of filing claims, website transparency, financial strength and complaint data from National Association of Insurance Commissioners.
Hippo Home Insurance
Hippo was established in 2015 by a group of startups that were focusing on insurance technology, or “insurtech.” This type of company aims to make insurance less expensive for consumers and more profitable by allowing insurers to do many things almost entirely online. Hippo has a simplified website and smart home monitoring system that can detect potential problems in your home.
Hippo offers policies through Spinnaker Insurance (a carrier it acquired August 2020) and other partners.
Home insurance coverage by Hippo
Hippo homeowners insurance covers standard coverage like dwelling, personal property and loss of use. Hippo also offers these types of coverage in its standard package.
- Ordinance or lawIn the event that updated building codes increase repair costs,
- Domestic workersIf someone is hurt on your property, you can get compensation.
- Home officeIf equipment used for work, such as a printer or cell phone, is damaged, you can get a refund.
- ComputersIf any personal computers or storage device are damaged, please let us know.
- Water backupFor damage to sewers or drains that has overflown or backed up.
- Watches and jewelry/valuablesFor the theft of valuable items. You can add additional items to your policy beyond the limit.
- Extended replacement cost for dwelling coverageThis policy provides additional coverage in the event that your dwelling limit is not sufficient to rebuild your home following a disaster.
Your policy could also include, depending on your location and the home insurance package you select.
- Equipment breakdownTo help cover the cost of replacing or repairing electrical equipment.
- Service lineTo cover the cost of repairs for sewer or electrical lines that run from the street,
You can add mortgage payment protection to your mortgage for an additional cost. This protects your mortgage payment in the event that you have to leave your home during repairs.
Learn more about Hippo
Website:The Hippo website has all the information you needhome insurance quotes. You will also find articles that explain the basics of homeowners insurance. Although the company offers customer support via email, telephone and live chat, claims can only be handled by phone or email.
Insurance:Hippo also offers homeowners insurance and condo insurance.
