Direct-to-consumer home insurance company Kin has announced its expansion into Arizona.
The move marks Kin's entry into the Southwest region, adding to its presence in coastal states prone to catastrophic events.
Arizona is experiencing rapid population growth and an increase in property values. However, the state's extreme heat and prolonged drought have amplified the frequency and severity of natural hazards, particularly wildfires.
The changing climate and arid conditions have created a pressing need for improved home insurance options to address the longer wildfire seasons in Arizona, Kin said.
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“Climate change is increasing the number of dry days we see in the desert, and it’s creating a pressing need for improved home insurance options for the state’s longer wildfire seasons,” said Sean Harper, CEO of Kin. “Every home is different and carries its own risk, so the cost of Arizona home insurance can vary greatly. That’s why we look at granular insurance data, like the home’s location, age, and construction type, to assess its actual risk, rather than the general risk for the area, and provide comprehensive coverage with accurate prices.”
Arizona marks the latest state to join Kin’s expanding footprint. Last month, the company announced its expansion into Alabama.
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