Hippo Enterprises Inc. said on Friday that the first offering from its commercial line unit is a product for homeowners.
Coverage will include commercial property, fidelity, inland shipping, data breaches, general liability, combined board and executive and employment practice liability, leased and non-owned car liability with physical damage coverage, and available surplus liability covering underlying coverage parts.
Hippo said it will also provide coverage "for items that personal lines and traditional commercial lines do not usually include, such as pools, landscaping, private roads, retaining walls and elevator collisions."
Coverage is now available in Arizona and will expand to Colorado, Illinois, Michigan, Nevada, Oregon, Tennessee and Utah later this year, Hippo said in a statement, adding that additional commercial programs, including condominiums and single-family rentals, will also begin launching later this year. [1
Hippo announced in March that it would be announced through a $ 5 billion merger with specialty company Reinvent Technology Partners Z LLC.