Honeycomb Insurance Expands into Tennessee and South Carolina

Honeycomb Insurance, a tech-enabled insurer, has expanded its operations into Tennessee and South Carolina, bringing much-needed capacity to markets grappling with severe weather conditions. The move comes as Honeycomb continues to grow its footprint in the southeastern United States, with the company now covering approximately $150 billion in real estate value across 26 states.

The expansion is significant for agents in Tennessee and South Carolina, who face increasing challenges when placing coverage for condominium associations, apartment buildings, and single-family rental portfolios. Frequent hail, wind, and tornado activity in these states have pushed carriers toward tighter underwriting and reduced capacity, leaving agents with stricter eligibility, volatile pricing, and few options for older properties or those with prior losses.

Honeycomb Insurance, however, offers a different approach. The company underwrites each property individually, giving well-maintained buildings of any age access to competitive, stable pricing. Through its digital platform, agents can quickly check initial eligibility with just a property address and quote and bind admitted or non-admitted coverage in minutes. This includes an expanded eligibility tier for buildings with older roofs, prior losses, or coverage lapses that are otherwise difficult to place.

Honeycomb Insurance has been expanding its presence in the United States, having already covered Georgia, North Carolina, and Virginia. The new markets of Tennessee and South Carolina will deepen the company's Southeast presence. The expansion is part of Honeycomb's broader strategy to maintain underwriting discipline while scaling significantly. The company has managed to keep average annual premium increases minimal, ensuring consistent renewal pricing for its clients.

The move into Tennessee and South Carolina also marks Honeycomb's continued commitment to providing tailored coverage for landlords and condominium associations. The company's platform supports admitted and non-admitted products, covering both individual properties and portfolios, with excess liability available on the same platform to extend limits. This comprehensive offering allows agents to place a broader range of risks through a single platform while maintaining a consistent underwriting and billing experience.

Honeycomb Insurance's expansion into these states is timely, as it addresses the growing needs of property owners and managers in regions frequently hit by severe weather. By offering stable and competitive coverage, the company aims to support the resilience of communities and businesses in the face of increasingly unpredictable weather patterns.