Hippo Homeowners Insurance Reviews

Hippo homeowners insurance is not a great match for everyone but the tech-focused homeowner may find it interesting enough to get a quote. If you’re seeking blanket coverage for all aspects of home ownership, you’ll have better luck with another insurer.

Hippo currently offers several home policies, including HO-3 (homeowners insurance), HO-6 (condo insurance) and DP-3 coverage (landlord insurance).

Hippo partners with third-party vendors to provide coverage outside of the normal confines of homeowners insurance. Its most popular extended coverage is for homeowners with a home office with expensive equipment like computers and monitors.

Hippo claims you can receive a quote online in 60 seconds. The final quote will take a bit longer since you have to answer questions about your policy and see what discounts you may be eligible for. Even then, Hippo claims it can secure your policy in less than four minutes.

For the most accurate quote from Hippo, you’ll need to get a quote directly from the company. However, factors that can affect your premium cost include:

1. Your ZIP code
2. Your risk of natural disasters
3. Your dwelling type
4. The age of your home
5. Your credit history
6. Your claims history

While the actual cost of insurance is not listed on the Hippo website, it does describe each of its discounts in depth. Discounts offered by Hippo include:

• Smart home discount: Starts after you activate the Smart Home device provided to you by Hippo.
• Loss-free discount: If you have no losses over the three or five-year loss experience period, you’re eligible.
• Home buyer discount: For the customers who bought a new policy for a home they purchased within the past year.
• Theft protection devices: Customers who have eligible alarm systems or property monitoring in their community.
• Affinity discount: For customers who purchase Hippo insurance through an eligible partner.
• Hail-resistant roof discount: If you have a qualifying hail-resistant roof.
• HOA discount: For customers living in a qualifying community.
• Companion policy discount: When you bundle your policy with another Hippo-Distributed auto policy.

Hippo only provides homeowners insurance under its services; any outside companion policies go through its partner network. You can expect the basics as well as some additional options, including:

1. HO-3 (homeowners insurance)
2. HO-6 (condo insurance)
3. DP-3 coverage (landlord insurance)
4. Personal property
5. Other structures
6. Home office
7. Rental properties
8. Vacation homes

Hippo does not currently offer:

• Short-term rental insurance (Airbnb or Vrbo, for example.)
• Properties held in a trust
• Full coverage for storage facilities (10% limit)
• Heating spill
• Flood damage
• Earthquake damage
• Wind damage