Hippo Insurance Review & Enrollment (Video)
What Does Hippo Homeowners Insurance Cover Cover?
Tires for your home
It will cover your home and any secondary structures on your property. It does not cover the coverage of your personal property or personal liability.
Conversion Cost – Only a general estimate of how much it would cost to build your home and any secondary structures on your property in the event of total damage.
Extended replacement cost – This extra protection increases your standard home coverage by an additional 25% -50% (depending on which Hippo insurance plan you choose) if the cost of rebuilding your Home is higher than expected .
Depreciated value (DV) – Depending on the type of plan you choose, If something in your plan – like your roof or a personal affiliation – is insured for its depreciated value, receivables will come to be calculated by determining how much you originally paid for that item, how long you have owned it and how much the value is worth today due to depreciation.
Replacement cost (RC) – When something in your plan is insured for its replacement cost, a covered claim would be replaced for the cost of replacing the current item from today, minus your deductible .
Insurance for roof repairs – In case of damage, your roof can either insure its depreciated value (based on its age) or its replacement cost (the cost of repairing or replacing it today). This rating type is automatically determined based on the age and material of the roof.
Coverage for your amounts
This is the coverage that covers part of your personal property both within and in some cases, outside your home.
When claims are made on covered items, your insurance pays either the replacement value or the depreciation value of the belongings, depending on your chosen Hippo plan.
The payment amount may vary depending on the type of item, the item's position (in the home) and the specific type of danger.
Hippo's Our Best Value and Expanded Protection Plans provide replacement cost coverage, which pays you what it would cost to buy similar new goods at current retail prices.
The Essentials plan from Hippo provides coverage for actual cash flow, which means your depreciation value is depreciated at the time of the loss (not when you purchased them).
Tires for Your Liability
This is the insurance that covers certain cases of bodily injury, personal injury (emotional or other non-physical damage), medical expenses and property damage incurred by others for whom you or your family members are legally responsible.
Additional coverage is included in all Hippo plans
The best thing about a Hippo Insurance policy is that it comes with all kinds of extra coverage, check out what else is below:
Loss of use  – Would cover you for any extra cost of living while your home is repaired things like foot, hotel and storage.
Order coverage – This will cover you if a regulation change in your area increases the construction cost when you need to build up a part of your home.
Water Backup – Includes damage caused by back-up and abundance of water from drains or sewers.
Jewelery and watches – Cover for loss of theft of jewelry, watches, furs, gemstones and semi-precious stones, the amount of cover depends on the type of policy you buy.
Enhanced coverage is also included in all Hippo plans
But wait … There's more, I know it seems gimmicky, but Hippo has even more improved coverage that is also included in all their plans:
Equipment design – Includes the cost of repair or replacement
The Equipment Division Declaration protects up to $ 100,000 and deductible is only $ 500, which is less than standard deductible for other types of receivables.  Homeworkers – This coverage protects you if a resident (such as a grandchild, gardener or babysitter) is injured on your property.
Home Office  – Includes home office equipment such as computers and printers for up to $ 10,000. If you work from home it is a great advantage.
Computers – Laptops and desktops and related storage devices covered up to $ 10,000.
Extra water backup – This doubles your standard water backup protection, covering up to $ 15,000 for damage caused by backup and water flow ( included in the Hippo Extended Protection Plan ).
Mortgage Payment Protection – If your home becomes irreplaceable, this coverage gives up to $ 1500 a month, for up to 12 months, against your mortgage payments ( This coverage is included in Hippos Our Best Value and Extended Protection Plans .
Extra Jewelery & Watches – Increases coverage up from $ 2,000 to $ 5,000 for loss of theft of jewelry, watches, furs, gemstones and semi-precious stones included in Hippo's expanded protection plan
3 Different types of deductible
Your policy will have 3 different deductibles, this is the amount you need to pay for an eligible claim before Hippo starts paying.
We specify them below:
Applies to valid claims that are not a direct result of wind, hail or a named hurricane. Wind Or Hail
Applies to valid claims that are the direct result of wind or hail damage.
Applies to competent claims that are the direct result of a named hurricane at the time when the loss occurred.
Keep in mind that all the above deductibles will have a different amount, so be sure to remember what amount you need to cover based on how the loss occurred.
Rental Property and Holiday Home Protection
If Hippo insures your primary residence, they can also assure you of your secondary or holiday home.
This is great if you rent an apartment you are still covered by.
The Three Hippo Plans and What They Cover
The devil is really in the details of homeowner's insurance, and Hippo Insurance has made it much easier with its 3 different policy options.
These plan the entire range in different levels of protection and allow you to adapt the coverage to your budget.
Everything is better than nothing when it comes to insurance, so at least, buy what you can afford.
The Plan Essentials is Just that, all essential, Hippo shows that About 35% of the population usually buy this plan.
This plan will have the highest deductibles and most of the benefits will only cover the current present value of an item when it is lost, not how much it costs to replace it.
It will also have lower cover amounts for most of the benefits, including things like liability and medical.
This is the only plan out of the 3 that does have protection for mortgage loans.
As you can see …
The Essentials plan is filled with a ton of value and can withstand the best offers from other companies.
Our Best Value
Plan Our Best Value plans to give you the best of both worlds in terms of coverage and premium, Hippo shows that about 50% of people usually buy this plan.
This plan will include all the benefits of the "The Essentials" plan, but gives you more benefits for all of your coverage options such as responsibility and medical.
You will also see lower deductions for this plan
With this plan, your personal property covers Replacement Cost that means if you have a loss, Hippo will cover what it costs
] Expanded Protection