Fintech InsurTech News

Root Launches Homeowners Insurance

Root Launches Homeowners Insurance

Root extends its service portfolio by offering homeowners insurance program in 13 states

Homeowners insurance is coming to the Root platform. Root Home, a streamlined homeowners insurance program, is now available in 13 states. Root Insurance customers who bundle with new or existing auto policies will save 10% on homeowners insurance.

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“With Root Home, more of our customers will find the savings and protection that gives them additional peace of mind through a platform they already know and trust.”

The launch of Root Home marks the further evolution of the products available through Root’s industry-leading mobile platform, which also includes auto and renters insurance. Homeowners insurance is available through a partnership with Homesite, a national provider of home insurance, rated A (Excellent) by A.M.Best. Root Home offers easy payment setup, custom quoting, and the ability to build an initial plan all in the app.

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“The addition of Root Home delivers increased value to our customers through the same mobile-first platform that our customers have come to rely on to customize their car insurance,” said Alex Timm, Co-Founder and CEO of Root. “With Home, more of our customers will find the savings and protection that gives them additional peace of mind through a platform they already know and trust.”

Home insurance protects homeowners, their homes, and their belongings from loss or damage caused by a variety of unexpected events. Whether the damage is large or small, the coverage on a homeowners policy helps pay for repairs and replacements.

Home is available in Arizona, Colorado, Connecticut, Delaware, Iowa, Illinois, Missouri, Nebraska, Nevada, Ohio, Oklahoma, Oregon, and Utah, and will be available in more states in the coming weeks.

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