Hippo Insurance will enhance its customer offerings through a new partnership with home alarm company SimpliSafe.
Hippo, an InsurTech and managing general agent, said the arrangement will add SimpliSafe devices to its smart home program.
New Hippo Insurance customers in select states who enroll in its smart home program will now be eligible to receive a professionally monitored home alarm system from SimpliSafe, provided completely complimentary with their homeowners’ policy. The seven-piece SimpliSafe home security system tailored for Hippo customers will include a SimpliCam HD camera, two water sensors, smoke detector, window or door entry sensor, keypad and base station. As part of the offer, eligible customers will also receive two free months of 24/7 interactive monitoring and a meaningful discount on their annual home insurance premium. After the initial two-month period, customers in the program will pay for professional monitoring, which starts at $14.99 per month.
With nearly 40 percent of claims filed by Hippo Insurance customers related to fire, water damage, property damage or theft, Hippo and SimpliSafe’s arrangement is designed to help homeowners curb potential damages from damaging insurance perils including water leaks, theft and house fires.
Source: Hippo Insurance