Columbus-based startup Branch announced they are giving back 15% of monthly insurance premiums to auto policyholders in response to the current health crisis. This compassionate initiative recognizes clients’ reduced driving due to shelter in place orders in effect and works to ease the financial burden many are facing across the country.
This credit will apply to auto policies in effect during April and May and will be offered in unique options. Policyholders will be able to receive this credit themselves or help someone that is struggling financially, through the Branch nonprofit entity SafetyNest®.Fintech News
Branch was founded with the goal to make insurance more accessible and affordable for everyone and to return the industry to its original intent: a force of communal good. “The cost of insurance is driven by the cost of claims and we believe that since our members have driven less, their premiums should reflect that” said Cofounder and CEO Steve Lekas. “This Giveback is an example of each of us in the Branch Community having each others’ back, during this crisis and always.”
Combining technology, data and years of in-depth knowledge of the insurance industry, Branch creates the fastest and easiest way to bundle home and auto insurance, helping save customers an average of $517 per year. Branch is now live in five states and rapidly expanding. To learn more about Branch and its programs, visit https://www.ourbranch.com/.
