Insurance Tech Startup ValueInsured Closes $6.5 Million
ValueInsured announced it has secured $6.5 million in seed financing led by Everest Re and Houston International Insurance Group.
ValueInsured was founded in 2009 to restore home purchasing confidence by providing solutions that protect home buyers against unpredictable market changes. The company’s flagship product +Plus reimburses homeowners up to their full down payment if the market value of their home goes down.
In its announcement, the company said this additional investment provides ValueInsured with the growth capital to continue its aggressive distribution partnership strategy, expanding channel presence and enhancing the features of its payment protection program.