Kin Insurance, a direct-to-consumer home insurance company, has expanded its coverage into South Carolina.
The company strives to make home insurance more convenient and affordable by cutting out administrative and agent-related expenses.
Kin’s technology platform draws on thousands of data points to evaluate the risk profile of each home and price policies accurately. Kin said this is particularly important for homes that are hard to insure, including those that are impacted by severe weather events caused by climate change.
The company is entering the Palmetto State to offer a seamless way for homeowners and landlords to protect their most valuable assets, despite being exposed to several risks.
This is because South Carolina is close to the Atlantic Coast, making it vulnerable to extreme weather. It ranks among the top ten states for hurricane risk and the chances of being impact by a tropical storm each year stands at 80%.
Kin combines proprietary technology with personalised, high-touch assistance to customise policies that suit customers’ needs. By factoring in property records, permit data, and aerial imagery, among other sources, Kin gains the best possible understanding of the physical properties of homes and how they will be impacted by extreme weather. This helps customers receive the right coverage for the right price, and then Kin supports them over a continuum to ensure their safety and wellbeing.
Sean Harper, CEO of Kin, said, “We can’t change the weather in South Carolina, but we can save people substantial time, stress, and money when it comes to protecting their home.
“Our technology enables us to reduce and even eliminate many of the steps and expenses associated with traditional ways of doing business in the insurance industry. From quote to claim, everything we do is designed to deliver the best possible experience for the customer.”
In March 2022, Kin Insurance raised $82m in Series D funding.
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