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Stock impact report

Security First and Embark partner on Florida homeowners insurance programme [Yahoo! Finance]

SECURITY FIRST INT HL NEW (SCFR) 
Company Research Source: Yahoo! Finance
The HO5 programme aims to simplify the process of obtaining insurance for new homeowners by embedding it into the home-buying journey. This initiative is said to address the issue of insurance being a major barrier to home purchases by leveraging Embark's proprietary technology and backed by custom solutions. The programme integrates insurance quotes directly into the home-buying and mortgage qualification process. Builders' home inventory, community details, and model data are preloaded into the system, which allows for accurate, bindable quotes without the need for lengthy applications. This approach is designed to reduce closing delays and remove much of the friction typically encountered during the home-buying journey. It electronically shares insurance information with builders' mortgage and title partners, further streamlining the process. The features of the policy include open-perils coverage, which provides broad protection with fewer exclusions than standard hom Show less Read more
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