bolt Launches VTRO to Bring More Insurance Choice to California Homeowners

bolt, the insurtech with the world’s largest technology-enabled insurance exchange, today announced the launch of VTRO, a new homeowners insurance offering developed by bolt with policies underwritten by an A.M. Best “A” and Standard & Poor’s “A+” rated carrier. VTRO brings a much-needed option to a market where homeowners have struggled to find protection.

According to McKinsey & Company, the state faces a homeowners insurance shortfall of more than one trillion dollars, creating a coverage gap that has left many residents dependent on the California FAIR Plan, the state’s insurer of last resort. VTRO provides a dependable alternative with comprehensive coverage designed to restore confidence in their protection.

“bolt is introducing a smarter path forward,” said Jon Walheim, CEO, North America at bolt. “Our smart water sensor program helps reduce preventable losses that add cost and strain to the system. These connected sensors detect leaks early and alert homeowners in real time, helping to reduce the risk of costly damage and claims by up to 40 percent. Preventing those losses allows more efficient and sustainable coverage for the catastrophic risks Californians worry about most.”

VTRO’s mission is to help close California’s protection gap by providing homeowners with reliable coverage options in a challenging market and strengthening the state’s insurance system for the future through proactive prevention and lasting protection. VTRO policies are now accessible to thousands of licensed agents across the state through bolt’s digital platform, representing the largest licensed distribution network in California.