(Image credit: Greg Rosenke/Unsplash.)
bolt (New York), the U.S. branch of international InsurTech bolttech (Singapore) that boasts the largest technology-enabled insurance exchange, has announced a partnership with Choice Home Warranty, an (Edison, N.J.-based technology-focused home warranty service contract provider. 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, according to a statement from bolt.
Recognizing thatsmartphones have become essential assets in customers’ daily lives, the bolt/Choice partnership offers what the companies call convenient product bundles, combining Choice’s home warranty service contract with bolt’s smartphone protection. For homeowners seeking to protect items not covered under a home insurance policy, such as 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. Agents have access to bolt’s integrated digital sales journey in which real-time product recommendations are made based on their customers’ unique needs.
“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,” comments Clayton Bodnarek, EVP, Alternative Distribution, bolt. “Together, we will bring homeowners more choices through an integrated sales process and offer easy, time-saving coverage experiences.”
bolt says 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.
“Choice’s technology-enabled home warranty service contracts perfectly complement bolt’s distribution ecosystem and world-class smartphone coverage,” comments Jim Mostofi, CEO Choice Home Warranty. “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.”