A new technology company based in Palo Alto, California, and Seattle believes it has a solution for homeowners looking for insurance.
Finaya Add a marketplace for rating and comparing home insurance policies. The company offers a network of insurance carriers to homeowners who want to insure a new home or purchase new insurance to meet changing needs at different points in their homeownership.
Homeowners can choose from a standalone home insurance policy or a bundle of insurance options. This new service is part of Finaya’s mission to build a comprehensive platform for buyers, sellers and homeowners.
Finaya’s product suite includes a portal for finding homes to buy and listing properties for sale, but the company’s website says the portal is only available in Washington state, with California and Massachusetts coming soon. Insurance options are currently available nationwide.
“We are excited to provide even more value to our customers,” Finaya CEO Naren Nath said in a statement. “This service aligns perfectly with our commitment to simplify the entire homeownership process. By integrating our powerful insurance comparison tools into the platform, we are providing homeowners with the resources they need to protect their most valuable assets.”
According to the company’s website, buyers will not be charged the traditional 3% commission; Finaya partners are promising a 1.5% commission.
Crunch Base The company said it would be founded in 2024 and has fewer than 10 employees. Acquires Finaya NexMeaims to streamline tours for potential buyers.
