The process of buying a home is one of the most exciting and overwhelming times in a person’s life, and we’re closely aligned with Metricon who are on the front lines with today’s buyers to deliver a delightfully simple home purchase experience with modern coverage tailor-made for every home
Australia’s first smart home insurance, Honey Insurance, has announced its strategic partnership with leading home builder, Metricon Homes to modernize the home insurance purchase experience for owners of newly built Metricon homes and offer an Australian first, proactive home insurance.
The past year has been a remarkable era for new home building across the country. Metricon has increased its dominance of the local housing market amid record levels of construction, with 1335 Australian families moving into their brand new Metricon home in the last quarter ending September 2021, alone.
Beyond the huge rise in new home construction, Honey has also found that Australians have been spending big on renovations with property owners having taken out $4.38 billion in loans to fund home improvements in the past 12 months. Honey’s recent research report has revealed 29% of Australians have proactively increased their home insurance to cover an increase in their property value due to alterations, additions, repairs and rebuilds in the past year. With the rampant demand in the renovation and homebuilding sector, having reliable home and contents insurance has never felt more important.
Richard Joffe, Founder and CEO of Honey Insurance said, “This partnership supports Honey’s focus to deliver smarter home insurance for Australians. Together we can spearhead a proactive solution that delivers tech-driven home insurance coverage directly into the digital mortgage and title process.
“The process of buying a home is one of the most exciting and overwhelming times in a person’s life, and we’re closely aligned with Metricon who are on the front lines with today’s buyers to deliver a delightfully simple home purchase experience with modern coverage tailor-made for every home. Through this partnership we are proud to be able to protect customers homes after they are built so if anything were to happen to the home, then Honey and Metricon would work together to ensure it was rebuilt to the original standards which we believe is unique to the industry”.
Mario Biasin, CEO of Metricon Homes said, “Building a home is one of the largest financial investments that people make throughout their lives and it is no surprise that homeowners want to feel that their home, as well as the contents inside that holds both financial and sentimental value, is protected at all times. We are proud to now offer Metricon customers a streamlined process to protect their home fuelled by innovative connected technologies to take a preventative rather than a reactive approach to incidents.”
Honey is smart home insurance, and is on a mission to eliminate the majority of avoidable accidents that happen in the home. Customers receive $250 of technology complimentary, and ongoing services to keep homes safer when they sign up for house and contents insurance. They are then rewarded with a lower price on their insurance for being proactive. Honey raised $15.5m, the largest seed investment in Australian history, from industry leaders such as AGL, Metricon, Mirvac, PEXA, and many others. Honey is underwritten by RACQ, one of the most trusted insurance companies in Australia.
Australia’s leading home builder, Metricon has been building homes for Australians since 1976. Named Australia’s number one builder for the last 6 years in a row, they build to industry-leading standards, in all four eastern states. Metricon homes are thoughtfully designed to celebrate you and enhance your lifestyle. The builder continually strives to create beautiful homes with flexible floorplans and an abundance of features to help you make the most of your home and the life you live in it. That’s why more Australians choose to build with Metricon every year, than any other builder.