Insurtechs Neptune, Hippo partner to increase flood coverage

Insurtechs Neptune Flood and Hippo Insurance have teamed up to help integrate the former's flood insurance products with the latter's core homeowners offerings.

Founded in 2017, Neptune Flood offers coverage in low and high risk flood zones, using advanced mapping to provide savings of up to 20% over the government’s National Flood Insurance Program, the company claims. Both companies use similar digital models to offer a fast, transparent digital experience. With Neptune Flood’s API allowing fast and deep integration to Hippo’s platform, home and condo insurance customers in 15 state will get access to the enhanced offering.

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A resident walks through a flooded street in Bonita Springs, Florida, U.S., on Tuesday, Sept. 12, 2017. Hurricane Irma smashed into Southern Florida as a Category 4 storm, driving a wall of water and violent winds ashore and marking the first time since 1964 the U.S. was hit by back-to-back major hurricanes. Photographer: Daniel Acker/Bloomberg

Assaf Wand, CEO and Co-Founder of Hippo Insurance, shares, “Neptune Flood’s use of technology, expedited on-boarding experience and fantastic coverage options make them a perfect match for our modern home insurance coverage and seamless sign-up process. Many of our customers, across Texas, Pennsylvania, and California are in need of high-quality flood insurance to properly protect their homes and prized valuables.”

"Hippo is an example of our commitment to best in class partners who share our values in educating and helping our neighbors better protect their homes against the risk of flooding, while saving time and money,” says Jim Albert, CEO of Neptune Flood. "Neptune is forming relationships with transformational distribution partners with a passion for changing the way households think about and buy insurance.

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