Recoop is the first and only multi-peril disaster insurance product that pays a lump-sum cash benefit (up to $25,000) after a natural disaster. Most homeowners and renters insurance policies leave gaps in coverage, which is why we created Recoop — to pick up where insurance stops, so you can bounce back faster after a disaster.
Recoop covers these major natural disasters: hurricanes (with storm surge), wildfires, tornadoes, earthquakes, gas explosions, winter storms*, and dust storms.
*Winter storms and hazardous winter weather is covered when at least 5 inches or more of snow or sleet accumulate within a 12 hour period, or at least 7 inches or more of snow or sleet accumulate in a 24-hour period.
Natural disasters are on the rise. 80% of U.S. Counties have experienced a natural disaster in the last 5 years.
2 out of every 3 American homeowners are underinsured, even with guaranteed replacement. The majority of guaranteed replacement policies are capped based on a home’s insured value.
The average homeowner may be on the hook for as much as 20% of their home’s value because policies are based on market value, not replacement cost.
Recoop exists to cover the gaps left by most homeowners and renters insurance policies in the wake of a natural disaster. We lessen the financial burden with affordable policies and expedited payments. When insurance fails, we help you prevail by picking up the tab (and the pieces) so you can rebuild and get back to life.
Why do I need Recoop?
Natural disasters are inevitable. If you need proof, just ask one of the residents of the 80% of U.S. counties who’ve experienced a weather-related disaster in the last 5 years.* The risk is real and living in denial is costly, so we created Recoop to cover the gaps and pick up where your insurance stops.
Most homes are underinsured- 20% is the average exposure, even for homes with guaranteed replacement. Let’s not forget that insurance deductibles ae out of control. 5%-30% of your home’s value could be your deductible following a disaster, especially in high risk areas.
What if I rent?
What are the requirements to submit a claim?
How does the claims process work?
Do I have to pay a deductible before my coverage kicks in?
Are there restrictions on how I use my Recoop cash?
How is my rate determined?
When is my coverage effective?