Property and casualty (P&C) InsurTech bolt has partnered with Choice Home Warranty, a US-based home warranty service contract provider, to enhance household coverage.
According to bolt, the partnership brings holistic household coverage to bolt’s insurance exchange by integrating access to Choice’s best-in-class home warranty service contracts that protect consumers from expenses and hassles caused by the failure of major appliance and home systems.
As smartphones have become essential assets in customers’ daily lives, the bolt/Choice partnership forges convenient product bundles, combining Choice’s home warranty service contract with bolt’s best-in-class smartphone protection.
For homeowners seeking to protect items not covered under a home insurance policy like appliances, HVAC systems, plumbing, and electrical systems – the bundles offer value-add protection at the point of need, including smartphone coverage and coverage on their most important home systems.
bolt said it intends to find new ways to accelerate innovation and expand coverage opportunities for customers, particularly in the home and specialized personal lines space, simultaneously enabling partners like Choice to expand their reach.
Further, agents have access to bolt’s integrated digital sales journey in which real-time product recommendations are made based on their customers’ unique needs.
Clayton Bodnarek, EVP of alternative distribution, bolt, said, “We’re excited to partner with Choice because our agents are now able to combine Choice’s industry-leading home warranty solution with bolt’s world-class smartphone protection empowering customers with more relevant protection offerings. Together, we will bring homeowners more choices through an integrated sales process and offer easy, time-saving coverage experiences.”
Jim Mostofi, Choice’s CEO, added, “Choice’s technology-enabled home warranty service contracts perfectly complement bolt’s distribution ecosystem and world-class smartphone coverage. The partnership between bolt and Choice will allow distributors to provide comprehensive home and smartphone protection conveniently and efficiently while customers receive top quality service and peace of mind.”
Last year, Real estate technology franchise Keller Williams (KW) partnered with bolt.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
