PriyaPatel
TLDR:
Bindable has partnered with HoneyQuote to enhance home insurance options for Florida residents. The average annual cost of homeowners insurance in Florida is $2,625, significantly higher than the national average. This collaboration aims to provide more affordable and competitive options for residents, as well as benefit Bindable’s enterprise and Insurance-as-a-Service clients.
Bindable, the InsurTech leader for alternative distribution solutions, has announced a new partnership with HoneyQuote, a home insurance comparison tool changing the way homeowners shop for insurance in Florida. The collaboration aims to simplify the process of finding affordable and comprehensive home insurance for Florida residents.
The average annual cost of homeowners insurance in Florida is $2,625, which is 37% higher than the national average, leading to around 15-20% of Floridians opting to forgo home coverage entirely. This partnership seeks to address this issue by offering more accessible and cost-effective options for residents.
Bindable specializes in providing innovative distribution solutions in the InsurTech space, allowing consumers to access a wide range of insurance products, while HoneyQuote offers an easy-to-use platform for comparing and purchasing home insurance policies.
With this partnership, Bindable’s clients can seamlessly integrate HoneyQuote’s rates within their insurance quoting environments, providing customers with the ability to compare and purchase home insurance from over 30 insurance companies completely online.
Bindable President Jean-Marie Lovett expressed the importance of providing affordable home insurance options for Florida homeowners, while HoneyQuote CEO Freddy Seikaly highlighted the duty to provide essential services for financial security and closing the protection gap in Florida.
