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Hippo Enters Commercial Insurance Market With Homeowners Association Product July 23, 2021 Home insurtech Hippo is jumping into the commercial insurance market. The California-based managing general agency startup said its expansion will focus on “targeted commercial insurance” customers. Its first product in the space is a tailored homeowners association (HOA) product. That product features data-driven underwriting, satellite and aerial imagery, and consideration for the specific HOA and board members. Rick McCathron, Hippo’s president, said that the company’s HOA product is designed to address what Hippo sees as a lack of cohesive coverage options in the sector and “modernize the commercial insurance experience while preserving the individual communities’ unique coverage and risk needs.”

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