Bubble Insurance Solutions, a digital insurance broker, has partnered with brokerage and franchise platform JPAR Real Estate to bring embedded home insurance to home buyers.
Bubble is a technology and AI-powered InsurTech company especially designed to help home buyers and homeowners shop, compare, customise and purchase the best-fit insurance policy.
As an insurance broker, Bubble works with many top-rated insurance companies to help shop and compare insurance policies. Bubble also aims to remove much of the friction and hassle from the process, from accurate instant quotes and guided customisation of various coverages and deductibles, to fast online applications and, in some cases, instant online approvals.
Bubble also strived to help clients save money with discounts or by easily bundling multiple insurance products together like home, auto, umbrella, and life insurance. The partnership will see JPAR bring an embedded home insurance offering to customers.
For home buyers and homeowners, Bubble said having the right insurance with the right protections and coverages is important, especially now with the uncertainties of climate change.
JPAR real estate professionals can help their customers take advantage of the benefits of Bubble’s data-driven integration through the JPAR® transaction management system, Dotloop. Every time a new home buyer signs a purchase contract with a JPAR® real estate agent, the integration combines data available from the transaction with Bubble’s own extensive data assets and automatically sends a curated set of personalised insurance quotes to the buyer via email and/or SMS.
Avi Gupta, founder and CEO of Bubble, said, “Insurance has long been an offline process in the real estate transaction that’s rapidly moving towards end-to-end digitization. By embedding and automating insurance within the real estate workflow, Bubble simplifies the insurance purchase experience and saves everyone time, while providing real estate companies like JPAR® a turnkey one-stop insurance shop.”
Last year, Detroit-based InsurTech CoverTree raised $10m in a seed funding round and launched a home insurance offering.
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