Goosehead Insurance and Vivint Smart Home team up to enhance home insurance

goosehead-insurance-and-vivint-smart-home-team-up-to-enhance-home-insurance

Goosehead Insurance, an independent personal lines insurance agency, has partnered with Vivint Smart Home, a leading smart home company in the US, to enhance home insurance solutions.

Goosehad Insurance is a rapidly growing and independent personal lines insurance agency that distributes its products and services throughout the US. The company was founded on the premise that the consumer should be at the “centre of our universe.”

As part of the partnership, Goosehead also entered into a letter of intent to acquire Vivint Insurance Agency’s current book of business and provide service and support for Vivint’s insurance clients as Vivint shifts its insurance strategy to a partnership model.

The collaboration, according to Goosehead, will simplify the process of protecting and securing homes for consumers and help them to reduce claims and losses.

Through the partnership, Goosehead Insurance and Vivint will collaborate to develop innovative new services and offerings that leverage the latest advancements in smart home technology and insurance services.

Goosehead said this will allow for more personalised options to help clients find the solutions to meet their unique needs and save on home insurance.

Justin Ricketts, executive vice president, technology and partnerships at Goosehead Insurance, said, “We continue to see increased momentum around the independent insurance distribution model as consumers look for the power of choice and more efficient experiences, and our partnership with Vivint enables us to provide a more comprehensive and integrated home ownership experience,” said “By combining our industry-leading insurance model with Vivint’s cutting-edge smart home technology, we’re able to offer a truly innovative solution that sets a new standard for the industry and meets the evolving needs of today’s consumer.”

Earlier this year, Insurify reported that home market volatility will likely continue as home insurance rates are expected to continue to rise.

Keep up with all the latest FinTech news here.

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.