COLUMBUS, Ohio, Oct. 2, 2019 /PRNewswire/ -- Branch, the Columbus, Ohio based insurance startup, has launched a new program called SafetyNest™ that provides help to uninsured (or underinsured) people who have experienced an incident that put their financial condition in jeopardy.
The launch of SafetyNest reflects Branch's deep commitment to leveraging the power of community to restore insurance to its original intent—a force for communal good. SafetyNest was born out of a recognition that over 13% of drivers in the U.S. don't have auto insurance, putting them at risk of financial ruin every day.
"When you consider that 12.3% of Americans live below the poverty level, you can understand the kind of difficult tradeoffs many need to make, like cancelling auto insurance and hoping nothing bad happens. That's not just bad for the uninsured; it's bad for all of us. We all share in the cost of others not having the right amount of insurance," said Steve Lekas, Branch Cofounder and CEO.
Branch will be accepting applications to SafetyNest immediately in Ohio, Arizona, Illinois, Missouri, and Texas with plans to expand the program throughout the country over the next 5 years.
Applicants will fill out a short online form detailing the incident that has left them in financial peril and the amount of coverage they need. The SafetyNest team will then conduct a thorough assessment and work with the applicants to understand the damage in order to make a determination on the amount of aid to grant.
Branch is expecting to award $200,000 over the next 12 months to provide assistance to those in need, growing this allocation as the company continues to grow.
To learn more about SafetyNest and apply for aid go to https://safetynest.ourbranch.com/.
To learn more about Branch and how much you can save bundling your home & auto insurance in seconds, go to www.ourbranch.com.
Branch was founded in 2017 by Steve Lekas, a former Allstate and Esurance executive, and Joe Emison, founder of BuildFax. Branch believes deeply that by harnessing the power of community, it can make insurance better and more affordable for all. Branch insurance is underwritten by General Security National Insurance Company (GSNIC) an AM Best A+ Financial Rated insurance company. Branch is headquartered in Columbus, Ohio.
Contact: Kimberly Klenk, 833-3BRANCH
SOURCE Branch Insurance