Bamboo Insurance, a technology-enabled managed general underwriter (MGU), has launched a new condo owner (HO-6) insurance policy as part of its broader product expansion strategy.
The company emphasizes operational efficiency and responsiveness, combining data-led underwriting with streamlined processes for underwriting, claims and distribution. This approach is designed to enhance service to policyholders and partners while supporting measurable growth across California.
HO-6 policies are written specifically for condo owners in California, where insurance requirements typically involve coordination between individual unit coverage and the homeowners association master policy.
The product includes core property and liability protection, as well as optional features such as increased coverage limits, personal property replacement cost, loss assessment protection and additional water backup coverage.
The launch follows continued investment in technology, operational infrastructure and state-specific product development. Despite the ongoing challenges facing the California property and casualty insurance industry, Baizhu Insurance is expanding its product offerings while maintaining a data-based approach to underwriting and risk management.
“Launching the first condominium policy in California is an important step in our continued support of homeowners and agents in the state,” added John Chu, founder and CEO of Bamboo Insurance. “Apartment owners face unique underwriting considerations, and this product reflects our focus on clarity, flexibility and responsible underwriting.”