ADT and Hippo Partner to Add Professionally Installed and Monitored Smart Home Services and Discounts for Home Insurance Customers

BOCA RATON, Fla., Feb. 18, 2021 (GLOBE NEWSWIRE) -- ADT (NYSE: ADT) today announced a partnership with Hippo, the home insurance group leading a new standard of care and protection for homeowners across 32 states. The alignment of the two companies’ services—ADT’s connected protection system with professional smart home monitoring and Hippo’s digitally native home insurance policies with proactive protection—brings homeowners even greater ways to help save on their homeowners’ insurance and offer better protection for their life, property, family, and assets.

Hippo has deployed the most widely adopted smart home program in home insurance,* providing homeowners with access to smart devices that better protect their homes and offer access to premium discounts on their home insurance policies. The devices are a cornerstone of Hippo’s protective home insurance platform that includes homeowner education, home maintenance, and proactive alerts enabled by AI and data. In the coming months, new Hippo customers in select states who enroll in its smart home program will be offered free installation of an ADT smart home security system and a range of smart devices with their home insurance policy and will be eligible for Hippo smart home discounts.

“ADT shares our vision for utilizing smart home technologies to create safer, better futures for homeowners,” said Dave Wechsler, VP of Growth Initiatives at Hippo. “ADT expands the family of smart home devices to include more ways for homeowners to have the information and tools to be safer homeowners. Partners like ADT deliver on both the trust and technology that takes our smart home program to the next level.”

“Through the turnkey, professionally installed smart home monitoring we are offering to Hippo customers, we are expanding our reach in meaningful ways that will grow our business,” said Jeff Barnes, Director, Affinity Partnerships at ADT.

In select states, ADT’s existing customers may be eligible to receive smart home discounts on home insurance premiums offered through Hippo Insurance Services. Customers new to both ADT and Hippo can receive ADT’s most advanced smart home security system complete with burglary, life safety and water intrusion monitoring devices, a video doorbell camera, and two months of ADT professional monitoring, rolling out later this year. ADT smart home installation professionals can also help connect the customers’ existing, compatible smart home devices to create a seamless and convenient smart home security customer experience. Hippo customers with ADT professional monitoring services may also receive a discount on their homeowners’ insurance premiums.

*Statement attributed to Matteo Carbone, founder of the IoT Insurance Observatory

FORWARD-LOOKING STATEMENTS
This press release, and other reports, filings, and other public written and verbal announcements contain certain information that may constitute “forward-looking statements” and therefore are subject to risks and uncertainties. All statements contained in this press release that are not clearly historical in nature, including statements regarding our partnership with Hippo are forward-looking. Any time we use the words “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” and similar expressions, we intend to clearly express that the information deals with possible future events and is forward-looking in nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking information involves risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such statements, including without limitation, the risks and uncertainties disclosed or referenced in ADT’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. Therefore, caution should be taken not to place undue reliance on any such forward-looking statements. Much of the information in this press release that looks toward future performance of the Company is based on various factors and important assumptions about future events that may or may not actually occur. We assume no obligation (and specifically disclaim any such obligation) to publicly update or revise any forward looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

ABOUT ADT
ADT is a leading provider of security, automation, and smart home solutions serving consumer and business customers through more than 300 locations, 9 owned and operated monitoring centers, and the largest network of security professionals in the United States. The company offers many ways to help protect customers by delivering lifestyle-driven solutions via professionally installed, do-it-yourself, mobile, and digital-based offerings for residential, small business, and larger commercial customers. For more information, please visit www.adt.com or follow us on Twitter, LinkedIn, Facebook, and Instagram.

ABOUT HIPPO
Hippo is on a mission to transform home insurance for the modern household. The company brings homeowners closer to a modern home insurance experience with an efficient online purchase experience using trusted data sources, a smart home device kit included with eligible policies and more available coverage for possessions like appliances, electronics and home offices. Hippo Insurance Services is part of Hippo’s family of companies that brings together home wellness and home insurance for today’s homeowners. Headquartered in Palo Alto, California, with insurance products available to over 70 percent of homeowners in the U.S., Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, including licensing information, visit http://www.hippo.com.

Media Contact:
Paul Wiseman
paulwiseman@adt.com
561-356-6388

Andrea Collins
acollins@hippo.com