Kindling
Insure what you don't own. Parametric fire coverage on any address in America.
S24Under InvestigationFintechInsuranceTo buy insurance on a building today, you have to prove you'd be hurt if it burned down. This doctrine, "insurable interest," dates to a 1774 act of British Parliament and has been holding back the market for 250 years.
Kindling removes the friction. Type in any address. Pick a coverage amount. If the structure burns, satellite imagery confirms it and you're paid within 48 hours. No adjusters, no questions, because asking questions is a cost center.
Our customers tell us they use Kindling to hedge neighborhood risk, to express a view on local wildfire policy, and in one memorable support ticket, "for reasons." We don't ask. See above.
We are cooperating fully with inquiries in 14 states, all of which, we note, began after our customers were paid, which is more than most insurers can say.
Active founders
Barnaby Okonkwo-Reyes
Founder & CEO
Spent a decade in catastrophe reinsurance. Left after proposing this at an all-hands as a joke and watching three managing directors write it down.