Hippo offers its customers a range of discounts and coverage options. Also, the company offers 24/7 support to its customers. However, it does not have an average financial stability rating, which means it may not be able to pay claims quickly.
Hippo Home Insurance Review. Cost and Coverage
Home insurance policies can be very expensive depending on a number of factors. These include the age of your house and your personal details. The age of your home and personal information can affect the cost of your policy.
Your policy's price can be affected by the location of your house and the roofing materials used. If you live in an area with high risk or own an older house, your premiums will be higher.
Regardless of your home's age or where it's located, the best way to save on your insurance is by getting a quote that includes all possible risks you might face. These include theft, water damage, and fire.
Smart Home Discount - If you install a smart device, such as a sprinkler system or security camera, you may be eligible for a discount. These devices can help you prevent and detect problems before they arise.
Hippo provides electronic coverage if you have expensive equipment such as TVs or computers. This coverage is four times what your typical homeowners policy pays out, and could be very important if there are a number of high-tech devices in your home.
Additional Living Expenses: If you're displaced from your home after a covered loss, this coverage can help with expenses like food, hotels and storing your belongings.
Liability: Coverage for medical costs, and damages to property in the event of an injury on your premises. You can use it to cover legal expenses and other costs if you or a member of your family is sued for injury.
Affinity-Group Discount: You may qualify for an extra discount if you're a part of an association group such as an organization, a membership club or a business. To find out more, ask your insurance representative.
Gated Community Discount: If your home is a part of a gated community, you might qualify for a discount from Hippo. This is an option that's good for people who need a little extra security.
Hippo may offer a discount if you do not have a mortgage. It is also a great idea to inquire with your insurance agent whether you qualify for any discounts. These could include those provided by an homeowners association or even a discount on a new fire extinguisher.
You might qualify for an early-bird discount if your home is new or you recently bought one. Discounts are offered to those who take out a policy less than eight days after buying it.