Better Home & Finance Holding Company has recently unveiled a groundbreaking white label solution that revolutionizes the process of purchasing homeowners insurance. Developed in collaboration with insurance technology leader Sure and Toggle from the Farmers Insurance family, this unique solution offers customers a seamless and convenient online experience.
Availability and Expansion
Initially, this innovative product will be accessible to residents in Arizona, Oregon, and Illinois. However, Better Home & Finance Holding Company has ambitious plans to expand its availability to additional states across the nation in the near future, ensuring that more homeowners and homebuyers can benefit from this simplified insurance purchasing process.
The Importance of Insurance in Homebuying
Vishal Garg, the CEO and founder of Better, notes the pivotal role that insurance plays in the homebuying process. He highlights that insurance carries its own unique set of risks and challenges that need to be addressed promptly and efficiently. By digitizing and streamlining the insurance purchase experience, Better aims to alleviate some of the burdens associated with securing comprehensive homeowners insurance.
Better Home & Finance Holding Company’s Robust Product Offerings
Since its establishment in 2017, Better Home & Finance Holding Company has rapidly transformed the financial sector. The company’s technological prowess, exemplified through its industry-leading platform Tinman, has facilitated over $100 billion in mortgage volume. Alongside its mortgage solutions, Better’s insurance arm, Better Cover, has successfully underwritten approximately $39 billion in coverage. This impressive track record underscores the company’s commitment to providing comprehensive and holistic financial solutions to its clientele.
The Partnership and Its Benefits
Wayne Slavin, the CEO and co-founder of Sure, expresses excitement about the collaboration with Better. He believes that the partnership will provide homebuyers with a frictionless and personalized insurance solution during these uncertain times in the market. Sure, driven by its mission to unlock the potential of digital insurance, finds the collaboration with Better, a leading digital homeownership company, to be a natural fit. Together, they aim to expand their reach and provide seamless access to insurance when it is needed the most.
As Better Home & Finance Holding Company introduces its end-to-end white label solution for homeowners insurance, their goal remains clear: addressing timely issues for homeowners through their innovative product offerings. The collaboration with Sure and Toggle reinforces Better’s commitment to revolutionizing the financial industry, one product at a time. By simplifying the complex process of securing homeowners insurance through a user-friendly online experience, Better aims to ensure that homeowners can focus on the joy of owning a home while their insurance needs are well taken care of. With plans for nationwide expansion, Better Home & Finance Holding Company is poised to make a significant impact in improving accessibility and efficiency in the homeowners insurance market.