US Market: Branch Launches Condo Insurance

Some news from the US market;

Branch^®, a full-stack insurance company that uses data, technology, and automation to make home and auto insurance simpler to buy and less expensive, announced it has launched condo insurance, expanding its list of instantly bindable products. Condo joins Branch’s existing arsenal of home, auto, renters, and umbrella insurance, and will be rolled out across Branch’s available states in the coming months starting in Ohio.

Branch revolutionized the insurance-buying experience, requiring consumers to enter just a name and address to see an instant price for bundled home and auto insurance. According to the National Association of Realtors, more than 10% of existing home sales in the last 3 years were condos. By adding a condo product, Branch extends its instant bundling capability to millions more homeowners.

“Bundling has always been at the core of what Branch can do, so we’re thrilled to offer another product to help consumers quickly and easily bundle their insurance,” said Branch cofounder and CEO Steve Lekas. “By enabling more people to access Branch’s bundle, and the deep savings that come with it, we’re taking meaningful steps towards our mission of getting more people insured.”

The addition of a condo product brings immense value to Branch’s rapidly-growing independent agency channel, enabling Branch-appointed agents to better serve their customer’s insurance needs. Additionally, expanding its product offerings creates a more seamless embedded experience that Branch’s partners are looking for. Consumers can also instantly purchase condo insurance on the Branch website using just a few pieces of information and easily bundle with their auto insurance.