The collaboration integrates Recoop’s product into Bindable’s extensive network of carriers, brokers, affinity groups, and insurance-adjacent businesses, addressing a critical nationwide need for comprehensive disaster coverage.

Recoop Disaster Insurance offers the first and only insurance product in the U.S. designed to provide rapid cash payouts following natural disasters. With a guaranteed-issue structure, no deductibles, and affordable policies, Recoop fills critical gaps often left by traditional homeowners and renters insurance. It covers a range of natural disasters, including hurricanes with storm surge, wildfires, tornadoes, earthquakes, gas explosions, winter storms, and dust storms.

The partnership aims to enhance financial resilience for policyholders nationwide while driving growth for Bindable’s extensive distribution network.

Jean-Marie Lovett, President of Bindable, said: “Natural disasters are occurring more frequently and causing Americans greater financial harm. Yet traditional home and renters insurance policies often exclude or have high deductibles for disaster-related risks, creating significant coverage gaps. Adding Recoop’s unique product to our digital marketplaces will help our partners go a step further in helping protect their customers’ key assets while also creating an additional source of competitive compensation for their businesses.”

Darren Wood, founder and chief product officer of Recoop Disaster Insurance , also commented, saying: “After seeing firsthand the devastation left in the path of Hurricane Sandy in 2012, we decided something needed to be done so that if and when future disasters hit, Americans had access to an economical risk-mitigation solution that could help protect them against financial ruin.”

Wood added:  “Affordability is a key part of our mission, so we’re proud to partner with Bindable to help get our product in front of millions of more American households that can’t afford to go without the additional financial protection we provide.”