Hippo Insurance and Kangaroo Home Security Partner to Bring Customers Flexibility and Financial Ease with their Home Insurance
More Than $1 Million in Total Savings Passed on to Customers Through Smart Home Discounts and Hardware
PALO ALTO, Calif. and NEW YORK, Nov. 17, 2020 /PRNewswire-PRWeb/ -- Hippo, the high-growth insurtech group that's transforming home insurance and Kangaroo, a market leader in affordable and easy to use home security, today announced a partnership that will provide customers with more options to safeguard their homes against potential risks, while receiving additional discounts on their home insurance policy. The partnership expands the suite of smart device kits available within Hippo's expansive smart home program to include a self-monitored smart home security kit from Kangaroo, which has already provided more than $1 million in savings to customers who received its hardware and smart home discounts.
New Hippo Insurance Services customers who enroll in Hippo's smart home program will be eligible for a home security kit from Kangaroo with their home insurance policy. The self-monitored smart sensors from Kangaroo detect specific issues around a home, which include some of the biggest homeowner concerns that commonly lead to claims, including leak and motion detection. The five-piece Kangaroo security system tailored for Hippo customers will include a siren and keypad, water and climate sensor, motion and entry sensor, "roo" tags and a "24/7 protection" yard sign.
Hippo Insurance customers who activate their Kangaroo home security kit will secure an average annual savings of $64* on their home insurance premium. Customers will also gain access to seamless setup and an active alert system available through the Kangaroo app, supported on all iOS and Android devices.
"Smart sensors and devices have become a more natural part of homeownership and most importantly, home protection, as we've seen through the evolution of Hippo's smart home program over the past three years," said Yuval Harry, Chief Revenue Officer of Hippo. "Our partnership with Kangaroo offers our customers top-notch smart home devices ensuring they'll always have the most effective tools, services and insurance policies to keep their homes protected."
Since Hippo Insurance Services launched its smart home program in 2017, the benefits of its smart home capabilities have helped drive down potential risks and the cost of home insurance premiums for Hippo customers. The inclusion of smart home devices with a home insurance policy enables customers to keep their homes secure, mitigate risks and save on costs associated with potential damages.
"We're proud of our ability to deliver best in class solutions that take the complexity (and headaches) out of home security," said Dhruv Garg, Co-founder and President at Kangaroo. "It's an added bonus when we can work with a smart, game-changing insurtech like Hippo to offer added savings and peace of mind to their customers by showing the true value of our offerings."
To learn more about the partnership, visit: https://info.heykangaroo.com/hippo#hippo-activation-video
*based on average smart home discount amount for Hippo customers with activated Kangaroo smart home security kits
About Hippo
Hippo is on a mission to transform home insurance for the modern household. The company brings homeowners closer to a modern home insurance experience with an efficient online purchase experience using trusted data sources, a smart home device kit included with eligible policies and more available coverage for possessions like appliances, electronics and home offices. Hippo Insurance Services is part of Hippo's family of companies that brings together home wellness and home insurance for today's homeowners. Headquartered in Palo Alto, California, with insurance products available to over 70 percent of homeowners in the U.S., Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, including licensing information, visit http://www.hippo.com.
About Kangaroo
Kangaroo was founded with the mission to make home security accessible to everyone. Kangaroo's hubless, app-based, DIY home security system is the most comprehensive and easy-to-use solution at its price point, with no compromise on data protection and privacy. Kangaroo products are available at heykangaroo.com, Amazon.com and Lowe's. Learn more about how Kangaroo is making home security affordable and accessible to all here.
Media Contact
Andrea Collins, Hippo Insurance, +1 (650) 336-7456, [email protected]
SOURCE Hippo Insurance
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