Safety First Insurance coverage has teamed up with Embark MGA to provide the HO5 householders insurance coverage programme in Florida for brand spanking new dwelling builders.
The HO5 programme goals to simplify the method of acquiring insurance coverage for brand spanking new householders by embedding it into the home-buying journey.
This initiative is claimed to handle the difficulty of insurance coverage being a significant barrier to dwelling purchases by leveraging Embark’s proprietary know-how and backed by customized options.
The programme integrates insurance coverage quotes instantly into the home-buying and mortgage qualification course of.
Builders’ dwelling stock, group particulars, and mannequin knowledge are preloaded into the system, which permits for correct, bindable quotes with out the necessity for prolonged purposes.
This method is designed to scale back closing delays and take away a lot of the friction usually encountered through the home-buying journey.
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It electronically shares insurance coverage info with builders’ mortgage and title companions, additional streamlining the method.
The options of the coverage embody open-perils protection, which offers broad safety with fewer exclusions than normal householders’ insurance coverage insurance policies.
Embark Distribution EVP Brian Crumbaker stated: “We’re thrilled to associate with Safety First Insurance coverage, an organization that shares our dedication to innovation and delivering distinctive, customer-centric service.
“We look ahead to supporting the distinctive wants of recent dwelling builders and their shoppers. This new embedded product stands out with its aggressive pricing and broad protection choices, providing a superior resolution within the Florida market.”
Safety First product and underwriting SVP Bob Ketchum said: “This partnership with Embark permits Safety First to increase our attain into a brand new section of Florida householders. We satisfaction ourselves on modern product design and distinctive service and promise to be there for our prospects after they want us essentially the most.”
