Honeycomb Insurance announced the expansion of its Lessor’s Risk Only (LRO) coverage into Texas, Pennsylvania, and New Jersey, continuing its growth across key U.S. markets.
The expansion comes just months after Honeycomb’s initial introduction of its LRO offering, bringing the product to nine states and further broadening its nationwide presence.
Honeycomb’s LRO coverage is designed for owners of commercial properties leased to tenants, including office buildings, retail spaces, and other eligible properties.
Honeycomb underwrites each property individually rather than relying on broad territory-based assessments, allowing agents to access competitive pricing and coverage options for properties that traditional carriers may overlook. Through Honeycomb’s digital platform, agents can check initial eligibility using only a property address and quote to bind coverage in minutes.
Honeycomb Insurance now covers approximately $150 billion in real estate value across 26 states, with continued expansion planned throughout the year. The company has scaled significantly while maintaining underwriting discipline at the core of its strategy, enabling consistent renewal pricing with minimal average annual premium increases.
Topics Texas New Jersey Pennsylvania