BOSTON - Bindable, an insurance technology firm and national digital insurance agency, has fully integrated the Home Systems Protection Plan by TrustedPlace™ into its distribution platform. This home warranty product is a best-in-class service of HSB, a Munich Re company, a leader in equipment breakdown insurance and other specialty coverages.
“This enhancement allows Bindable’s agents and technology clients to quote home warranty in addition to our other products,” says Bill Suneson, CEO of Bindable. “Home warranty is ideal to be cross-sold with home insurance or offered to new home buyers, and the TrustedPlace™ product is designed to provide consumers with the comprehensive protection they require.”
The Home Systems Protection Plan provides coverage that a traditional homeowners insurance policy does not, such as breakdowns of home systems like a dishwasher or furnace and damage to electronics. Major differentiators of TrustedPlace’s plan are that it doesn’t report to C.L.U.E and critically allows customers to choose their own repair contractors, which no other home warranty provider permits. TrustedPlace™ is also a tech-forward program with a data-driven pricing capability called TrustedPrice™ - which delivers another industry exclusive of prices based on actual property risk characteristics.
“Partnering with Bindable made sense to us as we execute on our alternative distribution strategy,” says Jed Usich, Vice President, HSB Consumer Markets. “The ability to embed our unique and valuable HSB consumer-facing coverage within the Bindable ecosystem and present across multiple platforms will be a win-win.”
To learn more about Bindable’s alternative distribution platform and how it can add value to your business, visit bindable.com/contact-us.
Bindable is the insurance technology leader for alternative distribution. Its proprietary platform brings together software, a digital wholesale marketplace, and a full suite of support services to offer flexible, market-ready solutions that connect insurance providers, trusted brands, and consumers. The company is headquartered in Boston, Massachusetts. Learn more at bindable.com and follow us on LinkedIn, Twitter, and Instagram.
HSB, part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB insurance offerings include equipment breakdown, cyber risk, specialty liability and other coverages. HSB blends its engineering expertise, technology and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change. Throughout its 150-year history HSB’s mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions and consumers. HSB holds A.M. Best Company’s highest financial rating, A++ (Superior). For more information, visit hsb.com and connect on LinkedIn, Twitter, and Facebook.