Recoop Disaster Insurance

What Recoop Disaster Insurance does

Recoop Disaster Insurance is a U.S.-based supplemental insurance provider operating as Strategic Product Partners, LLC (an Iowa LLC doing business as Recoop). The company sells a single multi-peril disaster insurance product that delivers predetermined cash payouts of $5,000 to $25,000 within 48 hours of claim approval for seven disaster types: hurricanes (including storm surge), wildfires, tornadoes, earthquakes, gas explosions, winter storms, and dust storms. The product is designed to sit alongside—not replace—standard homeowners and renters policies, addressing gaps such as high deductibles (5-30% of home value), exclusions for earthquakes and storm surge, and the 30+ day claim delays common in traditional insurance. Policies are guaranteed-issue with no underwriting, no deductibles, and no restrictions on use of payout funds.

The technology stack is a cloud-based portal supporting online enrollment at quote.recoopinsurance.com, account self-management, photo-based claims submission, and direct-deposit payouts, with no disclosed AI/ML, proprietary risk models, or API integrations. Recoop does not underwrite risk itself; coverage is placed through Professional Solutions Insurance Company or State National Insurance Company on a state-dependent basis, positioning Recoop effectively as an MGA/distributor with brand and distribution responsibilities.

Commercially, Recoop pursues three go-to-market motions: direct-to-consumer online enrollment and phone sales (targeting homeowners/renters via SEO, content, and social), broker/agent distribution across the U.S. (offering Recoop as supplemental coverage), and employer voluntary benefits (integrating into existing enrollment platforms with payroll deduction). Pricing starts at $11/month for $5,000 of coverage, billed monthly, with availability across all 50 U.S. states. The company operates with 11-50 employees from West Des Moines, Iowa, and has no disclosed funding rounds, parent company, or management team details.

Name

Recoop Disaster Insurance

Legal name

Strategic Product Partners, LLC

Website

https://recoopinsurance.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Recoop Disaster Insurance is a U.S. supplemental insurance provider offering multi-peril disaster coverage with fixed cash payouts of $5,000-$25,000 within 48 hours, serving homeowners, renters, and employers across all 50 states via direct, broker, and voluntary-benefits channels.

Ownership category

akta.pro rank

Headquarters

HQ city

West Des Moines

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Monthly Insurance Premiums: Subscription-based monthly premiums providing multi-peril disaster coverage. Policyholders pay recurring monthly fees for coverage ranging from $5,000 to $25,000 in cash benefits upon qualifying disaster events.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Recoop Disaster Insurance is a multi-peril supplemental disaster insurance product that delivers a fixed cash payout of $5,000 to $25,000 within 48 hours after a qualifying state or federally declared disaster. The single policy covers hurricanes (including storm surge), wildfires, tornadoes, earthquakes, gas explosions, winter storms, and dust storms, and is designed to complement — not replace — standard homeowners or renters insurance. There are no deductibles, no traditional underwriting, and no adjuster inspections, and policyholders can use the cash for any recovery expense.

Product overview

Recoop Disaster Insurance is a single, unified supplemental disaster insurance product that provides multi-peril coverage against hurricanes, wildfires, tornadoes, earthquakes, gas explosions, winter storms, and dust storms. The product is designed to supplement traditional home insurance by delivering fast cash payouts (up to $25,000) within 48 hours after a qualifying disaster, with no deductibles and no restrictions on how funds are spent. There is no platform-plus-modules architecture; the offering consists of one core insurance product available to homeowners, renters, and employers as a voluntary benefit.

Differentiator

Problem solved

Functional benefit

Products and services

• Recoop Disaster Insurance Multi-peril supplemental disaster insurance providing a fixed cash payout of $5,000 to $25,000 within 48 hours of claim approval for state or federally declared disasters. A single policy covers hurricanes (including storm surge), wildfires, tornadoes, earthquakes, gas explosions, winter storms, and dust storms. Requires an existing homeowners or renters insurance policy, a minimum $1,000 damage threshold, and has no deductible. Marketed to homeowners, renters, and as a voluntary employee benefit.

Quantifiable outcome

• Receive cash payout within 48 hours after claim approval vs. 30+ days for traditional insurance
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Insurance Brokers & Agents NetworkcoreChannel Partner/ Reseller/ DistributorDozens of insurance brokers and agents across the U.S. distribute Recoop coverage to homeowners. These channel partners earn commission on new and renewed policies. Recoop provides the coverage and facilitates fast claims payouts while partners handle customer relationships and sales.
• Strategic Product Partners Underwriting CarrierscoreOthersRecoop is underwritten by Professional Solutions Insurance Company or State National Insurance Company, depending on the state. These carriers provide the insurance capacity and policy backing for the Recoop product.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Lemonade: Lemonade is a publicly-traded insurtech offering digital-first homeowners and renters insurance with AI-driven claims processing. While broader in scope than Recoop, Lemonade shares the same direct-to-consumer, mobile-first distribution philosophy and targets similar homeowner and renter segments.

Direct peers

• Palomar Holdings: Palomar is a specialty insurer with significant earthquake and catastrophe exposure focus, providing policies through partner carriers and direct channels. It competes in the specialty catastrophe insurance space where Recoop also operates, particularly for earthquake and other excluded perils.
• Hippo Insurance: Hippo is an insurtech focused on homeowners insurance with a digital, simplified experience and proactive risk prevention services. It directly competes for the same homeowner customer base that Recoop serves, offering broader coverage but with a similar tech-enabled, modern insurance experience.
• Neptune Flood Insurance: Neptune is a specialty flood insurance provider offering simplified digital flood coverage often excluded from standard homeowners policies. It shares Recoop's model of selling supplemental coverage for perils typically excluded from traditional insurance, targeting a similar gap-filling proposition.
• Kin Insurance: Kin is a digital homeowners insurance company focused on catastrophe-prone states, particularly Florida. It directly overlaps with Recoop's target market of homeowners seeking modern, simplified coverage and uses a direct online distribution model similar to Recoop's.
• Slide Insurance: Slide Insurance is a technology-driven homeowners insurer focused on catastrophe-prone states, particularly Florida. It offers direct-to-consumer homeowners coverage with simplified processes, competing for the same digitally-minded homeowner segment that Recoop targets.
• TypTap Insurance: TypTap is a homeowners-focused insurtech (subsidiary of HCI Group) specializing in catastrophe-exposed markets with simplified digital underwriting. It competes for the same supplemental-coverage-seeking homeowner demographic that Recoop targets, particularly in disaster-prone geographies.
• Matic Insurance: Matic is a digital homeowners insurance agency embedded in mortgage and home-buying experiences. It serves similar homeowner customers through simplified digital channels and brokers/partner ecosystems, comparable to Recoop's distribution approach.
• Branch Insurance: Branch is an insurtech offering bundled home and auto insurance through a digital platform with employer-channel distribution. It overlaps with Recoop in targeting homeowners through modern digital channels and exploring voluntary benefit-style employer partnerships.

Others

• Sure (insurance platform): Sure provides embedded insurance infrastructure technology enabling digital insurance products. It serves as an enabler for insurtech distribution and product digitization, adjacent to Recoop's cloud-based platform approach to enrollment and claims.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/recoopinsurance
• LinkedInlinkedin.com/company/recoop-disaster-insurance
• Instagraminstagram.com/recoopinsurance

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Recoop Disaster Insurance