Hippo Expands Home Builder Access to New Homes Program in California, Florida and Texas

Today, we announced that we are expanding our New Homes Program in California, Florida, and Texas, and we are adding two prominent home builders, Perry Homes and Van Daele Homes.

By the year's end, we expect to provide access to insurance for almost 50,000 additional new homes in the three states, which, according to the U.S. Census Bureau, accounted for more than a third of new construction permits in the U.S. in 2023.

An Overview of Our New Homes Program

Hippo's New Homes Program empowers our partners with access to insurance products specifically designed for new homes from a panel of our carrier partners. New Homes Program carriers simplify the underwriting process by only using information about the house to issue policies that typically provide lower deductibles and more flexibility than a standard homeowner's policy. 

Our homebuilder partners value the program's ability to streamline the insurance process and enhance customer experience. And, due to the historically lower risk associated with new construction and based on average state premiums, we and our carrier partners can offer policies for new homes with premiums as much as 69% lower in California, 42% lower in Florida, and 56% lower in Texas than policies for an existing home.

Let’s Work Together 

In the coming months, we’ll continue growing the New Homes Program by partnering with leading homebuilders in more markets to improve homeowner insurance access for new homebuyers across the country. 

For more information on how to work with us, visit www.hippo.com/partnerships.