Honeycomb Insurance

Honeycomb Insurance is a technology-driven property and casualty insurer specializing in providing tailored coverage for landlords, condominium associations, building owners, property managers, and developers across the United States.

Established in 2019 and headquartered in Chicago, Illinois, Honeycomb leverages advanced technologies such as artificial intelligence (AI), computer vision, and machine learning to modernize the property insurance process.

This makes the process more efficient, transparent, and accessible.

Innovative Platform

The company's platform offers instant, customizable quotes and policies, significantly reducing the time and complexity traditionally associated with property insurance.

Using aerial imagery and AI-driven assessments, Honeycomb eliminates the need for on-site physical inspections, streamlining underwriting and providing real-time, accurate risk evaluations.

This approach expedites policy issuance and ensures property owners receive coverage precisely tailored to their needs.

Clientele and Coverage

• Condominium and Homeowner Associations (COA/HOA): Comprehensive coverage for multi-unit residential property management risks.
• Building Owners: Policies protecting against liabilities and property damage.
• Property Managers: Insurance covering responsibilities and risks in managing multiple properties.
• Developers: Coverage safeguarding against construction and development risks.

Focusing exclusively on real estate insurance, Honeycomb offers highly specialized and tailored solutions.

The user-friendly platform provides 24/7 access to quotes, policy forms, and endorsements for convenient client management.

Growth and Expansion

Since inception, Honeycomb has grown rapidly, expanding to 18 states, including:

• Arizona
• California
• Connecticut
• Georgia
• Illinois
• Indiana
• Maryland
• Massachusetts
• Michigan
• New Jersey
• North Carolina
• Ohio
• Pennsylvania
• Texas
• Utah
• Virginia
• Washington
• Wisconsin

The company has insured assets totaling over $55 billion and more than doubled its revenue year over year.

In May 2024, Honeycomb secured $36 million in Series B funding led by Zeev Ventures to support workforce expansion and new product development.

Commitment to Innovation

Honeycomb's dedication to innovation and customer-centric solutions positions it as a leading player in the insurtech industry.

It offers property owners and managers a modern alternative to traditional insurance providers by combining cutting-edge technology with deep real estate expertise.

The company continues to redefine the property insurance landscape, delivering more clarity, less worry, and better coverage at a fraction of the time and cost.

Locations

• Chicago, Illinois (Headquarters)
• Thornton, CO, USA
• Tel Aviv, Israel
• California
• New York
• Texas
• Pennsylvania
• Michigan
• Ohio
• Virginia
• North Carolina
• Washington State