Porch Group’s Homeowners of America Expands Insurance Services to Delaware
July 07 2022 - 7:00AM
Porch Group’s (Nasdaq: PRCH) (“Porch”) Homeowners of America (HOA),
a property and casualty insurance provider, announced the expansion
of its homeowners insurance services to Delaware.
Through this most recent state expansion, Porch, a leading
vertical software company reinventing the home services and
insurance industries, continues to grow its homeowners insurance
operation. Porch’s access to low-cost consumers and proprietary
property data provides opportunity for enhanced underwriting and
pricing capabilities in HOA’s current markets across 19 states,
including Delaware.
“Our launch into Delaware continues the growing national
footprint of our homeowners insurance products,” said Matt
Ehrlichman, Porch founder, chairman and CEO. “We look forward to
serving the homeowners, agents, and other partners throughout
Delaware as we work to make homeownership and moving easy.”
About Porch GroupPorch
Group is a Seattle-based, vertical software platform for the
homeowner industry. Porch Group provides software and services to
over 25,500 home services companies such as home inspectors,
utility companies and loan officers, home inspectors, warranty
companies, and real estate agencies. Through these relationships
and its multiple brands, Porch provides a moving concierge service
to homebuyers, helping them save time and make better decisions on
critical services, including insurance, warranty, moving, security,
TV/internet, and home repair and improvement, and more. To learn
more about Porch,
visit porchgroup.com or porch.com.
Forward-looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Words such as “believe,” “intend, “demonstrate,” “expect,”
“estimate,” “anticipate,” “should,” and “likely” and similar
expressions identify forward-looking statements. In addition,
statements that are not historical should also be considered
forward-looking statements. Readers are cautioned not to place
undue reliance on those forward-looking statements, which speak
only as of the date the statement was made. Such forward-looking
statements are based on current expectations that involve a number
of known and unknown risks, uncertainties and other factors which
may cause actual events to be materially different from those
expressed or implied by such forward-looking statements. Other
factors may cause Porch’s actual results to differ materially from
those expressed or implied in the forward-looking statements and
such factors are discussed in Porch’s filings with the U.S.
Securities and Exchange Commission (“SEC”), including its Annual
Report on Form 10-K for the fiscal year ended December 31, 2021,
and subsequent reports filed by Porch with the SEC. Copies of
Porch’s filings with the SEC may be obtained at the “Investors”
section of Porch’s website at www.porchgroup.com or on the SEC’s
website at www.sec.gov.
The forward-looking statements included in this press release
are made as of the date hereof. Porch is not under any obligation
to (and expressly disclaims any such obligation to) update any of
the information in this press release if any forward-looking
statement later turns out to be inaccurate, whether as a result of
new information, future events or otherwise, except as otherwise
may be required by the federal securities laws.
Press Contact:Catherine AdcockGateway
Group(949) 574-3860PRCH@gatewayir.com
Investor Relations Contact:Emily Lear, Head of
Investor RelationsPorch Group(701) 214-8177Emilylear@porch.com
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