Exzeo Group, Inc., a technology-driven insurance distribution and services company, announced a strategic partnership with Tokio Marine Highland, a wholly-owned subsidiary of international specialty insurance company Tokio Marine Kiln.
Through the agreement, Exzeo will distribute Tokio Marine Highland’s primary residential flood insurance product, TMH2O. The addition of TMH2O expands the Exzeo platform’s product offerings to include homeowners, commercial residential and flood insurance products in multiple states.
The partnership expands Exzeo’s property and casualty insurance product portfolio and supports its development into a multi-line technology-enabled platform serving agents and policyholders.
The TMH2O program is available in 42 states and provides coverage for single- and multi-family residences, other residential structures, condominium units and content-only tenant policies. Coverage options include construction limits up to $1 million and content limits up to $500,000.
The plan also offers up to $50,000 in additional living expense limits, deductible options from $500 to $25,000, coverage that meets lender requirements, no waiting period before coverage becomes effective, no coinsurance penalties, and replacement cost coverage for buildings and contents.
“We are excited to add new partners and products to our platform,” added Exzeo CEO Paresh Patel. “By combining their products with our advanced technology and underwriting capabilities, we provide the flood market with a solution that automates underwriting with technology efficiency and delivers long-term profitability.”
