Slide Insurance
Date | Investors | Amount | Round |
---|---|---|---|
* | $100m | Series A | |
* | N/A | $100m | Debt |
* | $35.0m | Debt | |
* | $175m | Debt | |
Total Funding | CAD136m |
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EditSlide Insurance is a startup operating in the insurance industry, specifically targeting homeowners in Florida and South Carolina. The company offers a range of insurance products that are customizable to fit the unique needs and budgets of its clients. Slide Insurance's business model is centered around providing flexible and tailored coverage options, making it easier for homeowners to get the protection they need.
The company offers a variety of coverage options, including additional living expenses, coverage for jewelry and other valuables, hurricane screen enclosure, and water backup overflow. These options allow homeowners to add extra protection where they need it most, providing peace of mind and financial protection.
Slide Insurance operates on a direct-to-consumer model, allowing clients to choose their coverage and file claims directly through the company. This simplifies the insurance process and makes it more accessible for homeowners.
The company's financial stability is notable, with a Demotech Financial Stability Rating of “A” (Exceptional) and a $1 billion reinsurance program that exceeds regulatory requirements. This means that Slide Insurance has the financial capacity to pay out claims, even in the event of a large-scale disaster.
Slide Insurance generates revenue through the premiums paid by its clients. The amount of premium depends on the type and amount of coverage chosen by the client.
Keywords: Homeowners Insurance, Customizable Coverage, Direct-to-Consumer, Financial Stability, Premiums, Florida, South Carolina, Additional Living Expenses, Jewelry Coverage, Water Backup Overflow.