Homesite Group

Homesite Group

Online property and casualty insurer

Overview

Homesite Group provides property and casualty insurance through its member companies and affiliates, offering home, condo, renters, small business, flood, and term life policies. Its online-first model lets customers obtain quotes, buy policies, and manage coverage entirely online. Policyholders can submit and monitor claims in real time via an online portal accessible from computer or mobile devices, and the company emphasizes customizable, affordable coverage tailored to individuals, families, and small businesses. Distinguishing factors include its early online presence and its affiliation with American Family Insurance, which supports its underwriting and policy issuance. The company's goal is to make insurance easy to access and manage online while delivering affordable, customized protection for a broad set of risks.

About Homesite Group

Simplify's Rating
Why Homesite Group is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1997

Simplify Jobs

Simplify's Take

What believers are saying

  • Partners with Lemonade and Zillow to expand renters insurance distribution.
  • Expands into auto, commercial property, and flood insurance portfolios.
  • Provides real-time claims monitoring through online customer portal.

What critics are saying

  • Lemonade partnership erodes direct-to-consumer market share within 6-12 months.
  • Basic policies omit standard coverages, driving churn to State Farm, Allstate in 3-6 months.
  • Flood claims overwhelm Florida, California members, forcing rate hikes in 12-24 months.

What makes Homesite Group unique

  • Pioneered online quotes and digital policy management since inception.
  • Underwrites via 16+ member companies across California, Wisconsin, New York, Texas, Florida.
  • Offers highly customizable policies with add-ons like $15,000 identity theft protection.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Paid Vacation

Paid Holidays

Student Loan Assistance

Parental Leave

Company News

Coverager
Jun 14th, 2024
Insurtech Lemonade Partners With Homesite

According to its website,. Lemonade <i class="fa fa-info-circle company-popover" data-content="h3Lemonade/h3. div

Coverager
Jun 14th, 2024
Insurtech Lemonade partners with Homesite

Insurtech Lemonade partners with Homesite.

PR Newswire
Feb 5th, 2024
American Family Insurance Dreambank Unveils Free Video Series For Aspiring Entrepreneurs Featuring Kathy Ireland

MADISON, Wis., Feb. 5, 2024 /PRNewswire/ -- American Family Insurance DreamBank announces a new collaboration with renowned supermodel turned entrepreneur Kathy Ireland, an innovative video series empowering aspiring and new entrepreneurs. The partnership exemplifies American Family Insurance's commitment to inspiring, building, and protecting dreams across America. Image Courtesy of Jon Carrasco. The five-part video series titled "Brand Building for Small Businesses," features five episodes, each 10-12 minutes long. The content guides entrepreneurs through key aspects of establishing a strong brand, including defining a company's mission and vision, connecting with a target audience, developing a strong identity, building awareness, and exploring innovation.Ireland, an American Family Insurance ambassador since 2011 and its longest serving ambassador, is committed to the company's mission to inspire, protect and restore dreams

Insurance Journal
Jan 4th, 2024
American Family's Florida Unit Gets $1.25B in Funding, Plans to Go National

Michael Lorion, formerly chief financial officer at Homesite, was named CEO of TRUE in 2020 and remains president of the firm.

Coverager
Sep 7th, 2023
Renters Can Now Purchase Renters Insurance On Zillow

After we covered the partnership between . Zillow <i class="fa fa-info-circle company-popover" data-content="h3Zillow/h3. div

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