Eventual eventually rises $7.5M to launch Premium Lock, enabling real estate owners to benefit from stable property insurance costs in a volatile market.

Eventual is a real estate owner financial solutions company that has raised $7.5 million and the firm recently launched its first product Premium Lock. The new service should smooth out the fluctuations of property insurances, which exist today due to inflation rate changes and climate risks in the American real estate market.

Premium Lock is not a separate insurance but a supplement to the homeowners or commercial policies. It ensures that the premiums remain fixed over the next three years, providing certainty and predictability for real estate investors and owners who are subject to increasing rates each year.

Eventual applies the use of predictive analytics to project the insurance trend, using the data on millions of properties. In the eventuality of higher than expected actual premiums the difference is paid by the company; thus, the real estate stakeholders are not hit by a financial surprise.

AlleyCorp and Upfront Ventures led the funding rounds, with several angel investors also contributing to the investment. Eventual will use the funds to develop products and expand its team of professionals focusing on real estate, finance, and technology.

Eventual is looking forward to making the real estate industry finally controllable in terms of cost and, therefore, predictable in terms of finances with Premium Lock.