The corporate’s e book was purchased for $5.5 million
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 unbiased private traces company, and Vivint, a sensible house tech firm.
“Client schooling and an distinctive shopper expertise are on the coronary heart of what we do at Goosehead,” mentioned Justin Ricketts, govt vp, expertise and partnerships at Goosehead, on deal announcement.
“We wish to lengthen our new purchasers a heat welcome to the Goosehead household and stay up for giving them the easiest service and care within the business.”
Former Vivint purchasers may even be capable of entry Goosehead’s digital agent platform for quotes. The Westlake, Texas-headquartered company represents over 150 insurers that present private and small business protection.
Goosehead and Vivint enter ‘strategic partnership’
In April, Insurance coverage Enterprise revealed that Vivint Good Dwelling had abandoned its insurance agency following its sale to NRG Power. The corporate would as a substitute pursue its insurance coverage technique by way of a partnership mannequin, it confirmed.
“With a purpose to effectively scale, we’re shifting to a partnership mannequin to make the expertise extra broadly obtainable,” a Vivint spokesperson instructed Insurance coverage Enterprise.
Earlier this month, Vivint and Goosehead introduced their strategic partnership, with the previous providing its sensible house expertise merchandise to the latter’s insurance coverage purchasers.
Ricketts mentioned Goosehead plans to increase its partnership with Vivint by way of joint choices by way of a wider alternative of carriers.
What do you consider this Goosehead’s Vivint deal? Share your ideas under.
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