Eventual

GENERAL

About Eventual

Eventual is renewing American insurance predictability. We’re on a mission to improve financial resilience against climate change—property insurance is where this is happening first. Founded in 2023, Eventual is led by top brainpower from real estate, markets, climate, insurance and technology. Every day we show up to our New York City office excited to help homeowners and commercial real estate investors build long-term financial predictability.

Why do we need this?

American real estate owners have seen property insurance premiums grow dramatically over the last few years. Some have seen premiums double or triple since 2020. This is an affordability headwind for homeowners, and a predictability issue for commercial real estate.

We see multi-year insurance as the solution, allowing real estate owners to understand exactly what their insurance premiums will be for years into the future. But rather than replacing your insurance company entirely, Eventual’s Premium Lock simply bolts onto your existing policy—no need to swap carriers, agents or brokers. Predictability and affordability is the answer, and Premium Lock offers exactly that.

Contact us

We take pride in speedy responses to our customers.

Email us: contact@eventualclimate.com
Call us or text us: +1 808 721 0956
Send us mail: 35 White St #6, New York, NY 10013

PREMIUM LOCK BASICS

How does it work?

If you own real estate and have property insurance, you can select the terms of your Premium Lock and buy protection on our website. We offer 1, 2 and 3-year protection options. During quoting, we’ll connect to your existing insurance carrier and automatically receive your annual insurance renewal notices.

If your premiums exceed a certain level at renewal, Eventual will reimburse you for those excess premiums. If you’re eligible for reimbursement, we’ll email you to confirm. You can choose your preferred reimbursement payment method and the money will be transferred to you.

How is the payout triggered?

We use software and models to predict how much your insurance premiums will increase in the future. Our Premium Lock simply guarantees the accuracy of those predictions. If your premiums exceed our prediction, we’ll pay out the difference.

Logistically, it’s pretty straightforward. During your quoting process we connect to your carrier in a few easy clicks. This allowing us to automatically detect when your insurance policy is renewed. At renewal, we check if your premiums exceed the prediction, and notify you of your payout if eligible.

How is the payout received?

Customers who are eligible for reimbursement will be contact by email. They are directed to Eventual, where they can choose their preferred reimbursement method, including ACH directly into their bank account.

Who is it available for?

Premium Lock is currently available to US homeowners insured with standard homeowners insurance. Eventual does not currently offer its service to non-admitted lines policies, like flood insurance or excess and surplus lines policies.

Premium Lock is also available for US commercial property insurance policies and master programs. Given the complexity of these policies, please email us or book a demo at the links on this page to go through your exposure in more detail. We can assemble a quote quickly using your (i) declarations pages, (ii) statements of values and (iii) any other relevant docs, including your broker’s latest insurance proposal.

Can I have multiple properties covered?

Yes, customers can purchase protection for multiple properties they own. You cannot purchase multiple premium locks for a single property.

How can I buy a Premium Lock?

You can buy protection in a few clicks online. Start by typing in your address on our home page.

Is there a maximum reimbursement I can receive from Eventual?

During the quoting process we’ll define the cumulative maximum payout for which you’re eligible. Typically we set this so that you get fully reimbursed even if your premiums double or triple over your protection period.

How is the Premium Lock priced?

Customers pay an upfront fee and a monthly subscription for the Premium Lock.

Can I terminate the Premium Lock early?

Yes, Premium Locks can be terminated anytime. Your monthly subscription will be terminated at the same time.

COMMON SCENARIOS

What if my insurance carrier does not renew my policy?

Premium Locks are carrier agnostic—customers are free to change carriers anytime, including if they’re dropped, as long as the new coverage is comparable to the prior policy. Eventual does not offer Premium Locks to state insurers-of-last-resort, like FAIR or Citizens, FEMA National Flood Insurance Programs or to excess and surplus lines policies. If a customer leaves a standard insurance carrier and cannot find comparable replacement coverage, just let us know and you can stop paying for the Premium Lock.

Can I change the terms of my existing insurance policy?

Certain terms of your existing insurance policy directly impact the price of that policy. For this reason Eventual sets guidelines for eligible changes to a customer’s underlying insurance policy. For example, you can change carriers, but cannot manually increase the property insurance limit or decrease the deductible. Fortunately, most customers set the terms of their insurance policies and leave them unchanged for years.

What if I’m insured by a state insurer-of-last-resort, like FAIR or Citizens?

Eventual does not offer Premium Locks to these state-run carriers.

I have multiple types of insurance on my home—homeowners, NFIP flood insurance and excess flood protection. Can I Premium Lock all of these?

Eventual offers Premium Locks for standard homeowners insurance. This includes owner-occupied homes, landlord properties, condos, co-ops and townhouses, all up to 4 units. Premium Locks are currently not available on NFIP flood insurance policies or excess and surplus lines.

Can I purchase a Premium Lock after my premium already increased?

Eventual is available to anyone, anytime. If your insurer has already issued your notice of upcoming renewal, we’ll use that latest premium as your current premium level, and you’ll have protection for future renewals.

Frequently Asked Questions