Monoline, a prominent personal umbrella insurance platform, has extended its services to Kentucky, increasing its state coverage to 43. This expansion is a pivotal achievement in the company's objective to simplify the process for agents to place standalone personal umbrella policies. The adaptation to Kentucky's specific fee and tax regulations necessitated significant platform updates, which not only accommodate the current expansion but also lay the groundwork for future growth into more states and product lines.
Greg Blasko, Co-Founder of Monoline, pointed out the importance of these platform enhancements, noting that the structural changes will enable smoother scaling as the company expands. Since its inception in 2023, Monoline has become a favored choice among leading agencies across the country. The platform distinguishes itself with features that significantly reduce the time required to quote and bind personal umbrella policies, offering amounts from $1 million to $5 million, and integrates seamlessly with Ivans download and agency management tools for efficient policy management.
Ben Phillips, CEO and Co-Founder, shared the company's ambition to extend its platform's reach across the United States, overcoming the regulatory hurdles unique to each state to ensure agents everywhere can utilize their innovative solutions. Monoline is already gearing up to enter several more states, including Florida, New York, New Jersey, Minnesota, Oregon, and Maine, with the goal of achieving full nationwide coverage. This strategic growth underscores Monoline's commitment to revolutionizing the personal insurance sector through technology and a deep understanding of agents' and clients' needs.
