PEXA partners with Australian-born home insurance disruptor, Honey Insurance
PEXA Group Limited, operator of the world’s first digital property exchange platform, is excited to announce its partnership with Honey Insurance (Honey), collaborating to offer Australian home buyers and sellers a simpler and smarter option for home insurance via its trusted and secure app.
PEXA Key, an award-winning secure app which enables Australian buyers and sellers the opportunity to track their settlement’s progress in real-time, communicate critical information such as payment directions to their representative, and removes the need to engage via unsecure communication channels, such as email. The app also offers educational material for buyers and sellers on what to expect when transacting property, useful checklists and acts as a one-stop-shop to take as much stress out of the settlement and moving process as possible.
As a fellow Australian start-up focused on innovation, PEXA Key will now offer users access to Honey Insurance’s new and innovative offers. Honey is on a mission to turn home insurance on its head by streamlining the insurance process and offering smart tech integrated into a customer’s home and contents cover.
Honey uses a wealth of satellite and third party data to remove the guess work out of helping customers get the right level of cover, and reduces the sign-up process from an average of 30 mins to just three minutes. Importantly, Honey also offers $250 worth of smart sensors (for eligible policies) to proactively mitigate a range of the most common claims, that happen in the home such as theft, fire and water damage, allowing customers a discount on their annual premium for the adoption of these devices.
The collaboration between PEXA and Honey is an example of PEXA’s broader aspirations to identify, incubate and accelerate entrepreneurial businesses committed to innovation across the property industry ecosystem for the benefit of consumers.
According to PEXA’s Chief Customer Officer Lisa Dowie: “From humble beginnings as an Australian tech start up, we are passionate about improving the experience Australian consumers have with property, whether that be buying or selling, refinancing, renting or simply protecting their home.
“Property-related decisions can be both stressful and important given the costs and commitment involved, so it is critical innovators remain focused on providing new and enhanced offerings to make the decision-making process simpler and less stressful for us all.
“Honey has not only acknowledged consumers are more time poor than ever, being at the point of ‘property related decision fatigue’ by the time they are looking at home insurance, it has changed the game by offering smart tools to reduce the chance of an incident occurring, therefore mitigating the stress of loss and the need to claim,” said Dowie.
Rich Joffe, Founder and CEO of Honey commented: “PEXA revolutionised how Australians exchange property and Honey is doing the same for the home insurance industry, that’s why we knew from our very first conversations that this partnership was perfectly aligned.
“Both Honey and PEXA are on a very similar mission, to try to make the current process of buying a house easier, quicker and more importantly pain free, and we are excited by the journey we are on to achieve this.”
All users of PEXA Key will have access to the Honey Platform. PEXA Key is free and packed with tools and resources, including a settlement countdown, so users will never miss a beat.