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53 HIPPO PARTNERS WITH HOME BUILDERS ON HOME INSURANCE INITIATIVE Hippo, a home insurance group, has launched its Builders Program to further simplify the home purchase process and deliver home insurance directly to buyers of newly built homes. Hippo Insurance Services seeks to bring tailored insurance coverage and purchase options directly into the digital mortgage and title process. "e process of buying a home is one of the most exciting and overwhelming times in a person's life, and we're closely aligned with the home builders who are on the front lines with today's buyers to deliver a delightfully simple home purchase experience with modern coverage tailor-made for every home," said Yuval Harry, CRO of Hippo. "We look forward to providing our builder partners with an innovative solution through the Hippo Builders Program that simplifies the home buying process for buyers across the country." e Hippo Builders Program, which brings tailored home insurance policies, an enhanced customer experience and faster closing timelines to create better outcomes for its partners, includes: » A dedicated insurance agency that evaluates quotes from a variety of carriers to secure the right coverage and price fit for every home. » Advanced smart home integrations, like whole-home water shut-off valves, that lower insurance rates for fully connected homeowners who leverage smart home technology through the Hippo Builders Program's insurance partners. » A fully digital closing experience with automated insurance information, simplifying the closing process with home insurance available for customers in just a few clicks. Hippo piloted the Hippo Builders Program in 2019 with Lennar, one of the nation's leading homebuilders, and now the program is driving digitalization throughout the closing process with 50% of eligible Lennar homebuyers using Hippo's online purchase option. Since the pilot began, several major builders have signed on, including home builder Hovnanian Enterprises. "Hippo's solution is a bold and different approach to simplify home closings by completing the required insurance steps within minutes," said Catherine Gentille, SVP at K. Hovnanian American Mortgage LLC who leads the management of K. Hovnanian Insurance Agency. "Hovnanian is pleased to partner with Hippo to offer this modernized and integrated home insurance solution tailored to the Hovnanian homebuyer that satisfies customers and streamlines the closing process." Industry Updates