Kin, a digital home insurance provider, has announced its expansion into California, offering a new home insurance option for the entire state. This move follows a positive earnings announcement and is part of Kin’s mission to provide coverage in underserved markets affected by catastrophic events. California, frequently impacted by wildfires, has seen traditional insurers withdraw from the state over the years. The Senate reported that nonrenewal rates had tripled the previous year, with major insurers dropping many residents. As a result, policyholders have either forgone insurance or relied on the California Fair Access to Insurance Requirements (FAIR) Plan.
Sean Harper, CEO and Founder of Kin, said: “Adapting to increased weather volatility is one of society’s greatest challenges at the moment, and insurance will play a key role.” He added that despite narratives suggesting otherwise, “California is insurable and is an amazing place to live.”
Kin’s business model allows it to manage consumer relationships directly and use advanced data and technology to assess property resilience in high-risk areas. Angel Conlin, Chief Insurance Officer of Kin, noted: “As California experiences hotter, drier, and longer fire seasons, wildfire risk has become one of the biggest challenges for its homeowners.”
For more information or to obtain a quote quickly and easily, visit Kin’s website.
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