The corporate’s e-book was purchased for $5.5 million
Insurance coverage Information
Goosehead Insurance coverage has bought Vivint Good Dwelling’s insurance coverage e-book of enterprise, which incorporates greater than 15,000 insurance coverage insurance policies, for $5.5 million in money.
The deal is a part of an earlier settlement between Goosehead, an impartial private strains company, and Vivint, a wise dwelling tech firm.
“Shopper schooling and an distinctive consumer expertise are on the coronary heart of what we do at Goosehead,” mentioned Justin Ricketts, government vice chairman, expertise and partnerships at Goosehead, on deal announcement.
“We wish to prolong our new purchasers a heat welcome to the Goosehead household and sit up for giving them the easiest service and care within the trade.”
Former Vivint purchasers will even have the ability to entry Goosehead’s digital agent platform for quotes. The Westlake, Texas-headquartered company represents over 150 insurers that present private and small industrial protection.
Goosehead and Vivint enter ‘strategic partnership’
In April, Insurance coverage Enterprise revealed that Vivint Good Dwelling had deserted its insurance coverage company following its sale to NRG Vitality. The corporate would as a substitute pursue its insurance coverage technique by a partnership mannequin, it confirmed.
“With a view to effectively scale, we’re transferring to a partnership mannequin to make the expertise extra broadly out there,” a Vivint spokesperson advised Insurance coverage Enterprise.
Earlier this month, Vivint and Goosehead introduced their strategic partnership, with the previous providing its sensible dwelling expertise merchandise to the latter’s insurance coverage purchasers.
Ricketts mentioned Goosehead plans to develop its partnership with Vivint by joint choices by a wider alternative of carriers.
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