Hippo Insurance started in 2015 and has a strong financial rating. It offers big savings and great protection. They give great coverage for electronics and a free home monitoring system. Let’s explore some Hippo home insurance reviews and find out why it is a great choice for homeowners who love technology.
Hippo Home Insurance Details
- Rating: 3.9 out of 5
- AM Best Rating: A-
- Annual Premium: $2,348
- Functionality in States: Except in 9 states: Iowa, Wyoming, Florida, Louisiana, Idaho, North Dakota, Montana, South Dakota and Oklahoma
- Phone Number: +1 (855) 999-9746
Hippo isn’t selling new home insurance policies on its website right now. They’re only helping their current customers and offering insurance for newly built homes through their Hippo Builder Insurance Agency. If you try to get a quote, they’ll connect you with another company. Please remember that the pause on policy sales is only for some time.
Hippo Home Insurance Pros and Cons
Pros
- They offer quick quotes in just 60 seconds.
- They add extra coverage for things like home offices, service lines, and workers’ compensation.
- You can get an extra 25% coverage to rebuild your home.
- They fix home issues remotely with expert help.
- You can also replace your home with extended coverage.
- You can save with various discounts.
- They have fewer complaints than similar companies.
- They offer a free smart home kit to detect water, fire, and theft.
Cons
- Hippo insurance is not available in all states or to all homeowners.
- No coverage for certain dog breeds.
- Hippo’s website lacks clear information on coverage and discounts.
- Fewer discounts are available.
Hippo Home Insurance Reviews
Here are some Hippo home insurance reviews regarding consumer complaints and services.
Customer Care
You can report a claim 24/7 online as well as on your mobile phone. You can track your claim using an online portal. They provide flexible payment options. Their website is very easy to use. Their customer support is available through live chat, phone, and email.
Customer Concerns
According to a 3-year study by the National Association of Insurance Commissioners, Hippo’s main underwriter, Spinnaker, got more complaints than expected from home insurance customers.
We looked at many reviews from independent sites like the Better Business Bureau. Hippo’s customers have mixed opinions. Some like how fast the process is, how flexible the policies are, and how easy it is to get a quote online. Others are unhappy about delayed refunds after canceling their policy and poor customer support.
Hippo Homeowners Insurance
Hippo offers insurance through its partners. Hippo offers home insurance, condo insurance, homeowners association insurance, and landlord insurance. If you need other types of insurance, like car insurance, Hippo can connect you with another insurance company. Hippo offers standard homeowners insurance with extra benefits. Their basic policy includes the following.
- Dwelling coverage for repairing or rebuilding your home in case it is damaged by any hazard or fire.
- Liability coverage for accidental damage or injuries to others.
- Personal property coverage for replacing or repairing personal items in case it is damaged according to your policy terms.
- Other structures coverage for repairing or replacing detached structures like barns, sheds, garages, or fences.
- Additional living expenses for temporary housing or meals if your home is uninhabitable.
- Free smart-home monitoring gadgets to detect potential issues to protect your home.
- Annual discounts for keeping the smart home monitoring systems active.
- Access to home maintenance experts for advice and support.
Some Other Hippo Home Insurance Coverages
When discussing Hippo home insurance reviews, it is important to also explore what this insurance company offers. Hippo offers additional coverage options for an extra cost to enhance your homeowner’s insurance policy. They give extra protection and financial support in specific situations.
- Equipment breakdown coverage up to $100,000 for electrical equipment.
- Extended dwelling coverage up to 25-50% increase for rebuilding your home.
- Mortgage payment protection up to $1,500 per month for a year.
- Workers’ compensation coverage for medical bills.
- Home office coverage up to $10,000 for repairing or replacing office equipment.
- Water backup coverage up to $20,000.
- Computer coverage up to $10,000 for computers and related equipment.
- Service line coverage up to $10,000.
- Ordinance or law coverage for new building codes.
- Jewelry and watches coverage up to $5,000.
Hippo Home Insurance Pricing
The average cost of a Hippo homeowners insurance policy is $2,348 per year. However, your individual cost will vary based on location, property age, size and type, coverage amount, and personal information. Let’s discuss them a little more.
Location matters a lot because areas prone to natural disasters or high crime rates cost more compared to other regions. Property age affects the pricing because older homes cost more to insure due to their construction material. Just like this, larger homes built with vulnerable materials cost more. If you add optional coverages, this may increase the premium. Also, personal information like credit score and claims history plays an important role in fixing the insurance rates.
People currently residing in Florida, can choose from the best home insurance companies in Florida. While Texas is famous for its extreme weather conditions due to its region’s location, you may consider top home insurance companies in Texas.
Hippo Home Insurance Discounts
Hippo offers discounts to help you save money on your home insurance policy. Hippo even provides a free basic home monitoring kit to new customers. The below discounts affect the Hippo home insurance reviews and ratings too.
You can have a discount on installing hail-resistant roofs. If you bundle Metromile car insurance with Hippo home insurance, you’ll get a discount. They also provide affinity group discounts for college alumni and membership clubs. You can save money by installing smart home monitoring systems. Home associations (HOA) discount is given if you qualify for this. Loss-free discount is available for people with no claims for 3 to 5 years.
Theft protection and safety devices discount is given if your home is safe and secure. This means having things like alarms, security systems, and fire extinguishers. If you have these things, you may qualify for a discount. You can also get a new buyer discount on Hippo insurance if you bought your home in the last year.
Bottom Line
While Hippo is a younger homeowner insurance company, its customers have positive as well as negative reviews about it. We have covered from coverage plans, and rates to discounts regarding Hippo home insurance reviews and ratings. Hippo home insurance is the best choice for you If you want tech-savvy homeowners insurance as It covers electronic devices and offers discounts for smart home gadgets. Keep visiting styleofhome.com to find more home related helpful information.
Frequently Asked Questions (FAQs)
What is Hippo Home Insurance?
Hippo Home Insurance founded in 2015 and started selling policies in 2017 is a modern home insurance company. It uses technology to prevent problems and offer comprehensive coverage.
Is Hippo Home Insurance Available in My State?
Hippo Home Insurance is available in 40 states, but availability may vary depending on the underwriting partners.
What are The Pros of Hippo Home Insurance?
Fast online quotes, smart devices offered with each policy at no extra cost, and customizable policies.
What are The Cons of Hippo Home Insurance?
Limited availability, a lack of J.D. Power ratings, and a potentially traditional experience.
How Much Does Hippo Home Insurance Cost?
The average cost of Hippo Home Insurance is not available, but the average cost of home insurance in the U.S. is $2,230 for $300,000 in dwelling coverage.