The collaboration aims to address the challenges California residents face in securing homeowners insurance, offering eligible Bamboo policyholders a 10% discount on premiums for installing Phyn Plus, along with a 15% discount on Phyn’s product suite: Phyn Plus, Phyn Smart Water Assistant, and Phyn Smart Water Sensor.
As California’s insurance market encounters significant challenges, with several insurers exiting the state, homeowners are left with limited options and rising costs. In response, Bamboo has stepped up to provide Californians with reliable and affordable homeowners insurance.
Meanwhile, Phyn’s solutions ensure the integrity of a home’s plumbing system by preventing leaks and maintaining watertight conditions, helping homeowners conserve water and avoid unnecessary losses.
Ryan Kim, CEO of Phyn, commented: “With our roots in California, Phyn is proud to partner with Bamboo as they double down on their commitment to the state and continue to offer Californians quality insurance options while empowering them with the tools to protect their homes from unnecessary water damage and reduce water loss.”
Brian Suzuki, Bamboo’s Chief Insurance Officer, added: “At Bamboo, we’re committed to continually innovating and finding solutions to ensure we deliver an insurance experience that puts our customers first, even in a high-risk environment. We’re excited to partner with Phyn to offer its cutting-edge smart water solutions, providing an option to our policyholders that protects their homes from water damage and conserves water, while continuing to be a solid option for Californians struggling to find reasonable coverage.”
