Hippo expands insurance offering to 15 states

Technology-focused insurer Hippo has expanded its Commercial Line Owners Association (HOA) insurance offering to 15 additional states after launching last August in Arizona.

Hippo’s HOA insurance is now available in Arizona, Colorado, Delaware, Idaho, Illinois, Indiana, Massachusetts, Maryland, Michigan, Nevada, Oregon, Pennsylvania, Tennessee, Utah, Wisconsin and West Virginia.

Hippo said it customizes its HOA policy to each community, including covering properties and systems that are often overlooked or excluded, such as swimming pools and other amenities. Hippo’s property and liability coverages are provided in one policy and one invoice, which helps communities avoid managing separate invoices between multiple insurance companies. The insurer calculates that there are 380,000 HOA communities nationwide.

California-based Hippo said it will continue to expand its commercial lines insurance offering while creating other products that “help customers take a holistic approach to homeownership.”

Hippo partners with the Socotra cloud platform with its pricing algorithm, underwriting and policy administration on the HOA product.

“Since launching our HOA product, we have seen strong market demand for insurance policies that work in conjunction with home or condo insurance. To meet this demand, we have developed a modern product that includes coverage breadth, customer support and empathetic claims concierges,” said JoAnne Artesani, vice president of business lines at Hippo.

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