Department Insurance coverage has introduced that it has launched operations in Washington, D.C., Georgia, Massachusetts and Mississippi.
Department is an insurtech agency that enables prospects to immediately bundle house and auto insurance coverage, saving its members a mean of $548 yearly. It permits prospects to bundle house and auto solely on-line, enabling Department to embed its insurance coverage with mortgage corporations, auto lenders and residential safety corporations.
“Nationwide availability will permit Department to forge extra embedded partnerships and appoint new impartial companies throughout the nation,” stated Steve Lekas, co-founder and CEO of Department. “We’re dedicated to providing Department’s seamless expertise when and the place shoppers are purchasing: on-line, once they get a house mortgage, or with their trusted agent.”
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Department has already inked numerous embedded insurance coverage partnerships throughout the mortgage, auto and residential safety industries. The corporate additionally continues to increase its impartial company channel.
Increasing our group permits us to higher ship on our mission of creating insurance coverage inexpensive so extra individuals could be insured,” Lekas stated. “We’re thrilled to have the ability to convey so many extra shoppers into the Department group and ship a seamless expertise and deep financial savings to our members.”
Department Insurance coverage lately named Thommy Guerrero as its first chief monetary officer and appointed Joseph B. Anderson Jr. as an impartial director. In June of final 12 months, it raised $147 million in Collection C financing.
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