(Image source: SimpliSafe website.)
Branch Insurance (Columbus, Ohio), a startup insurer offering instantly-bundled home and auto insurance has announced a partnership with SimpliSafe, a provider of home protection and security systems, to offer its members discounts on their home insurance.
Through this partnership, Branch says its members can receive discounts up to 15.5 percent on their home insurance by protecting their home with a professionally monitored SimpliSafe system, which can help prevent major hazards, such as theft, fire and water damage. After an initial one-month period, customers in the program will pay for professional monitoring, which starts at $14.99 per month. Additionally, Branch reports that it is giving new members a free seven-piece home security system from SimpliSafe and a complimentary month of SimpliSafe’s most comprehensive professional security monitoring.
“The insurance industry is broken, and consumers overpay as a result. At Branch, our mission is to make insurance more affordable and one of the ways we do this is through our innovative connected home discounts,” comments Steve Lekas, Cofounder and CEO, Branch. “There is ample data to support how professionally monitored home security drastically reduces claims for our members, so we’re eager to pass meaningful savings along to those who choose to protect their homes with an industry-leading provider like SimpliSafe.”
A joint statement from Branch and SimpliSafe says the companies share the belief that home protection should be both accessible and affordable. The statement says that homeowners who already use SimpliSafe to protect their homes may be eligible for deep discounts on home and auto insurance when they purchase a new policy through Branch.
“At SimpliSafe, we remain singularly focused on making home the safest place on earth,” says Matt Wolf, Head of Partnerships at SimpliSafe. “We’ve found a real opportunity to deliver on that mission by teaming up with leading insurers, like Branch, to offer homeowners proactive protection. We’re excited to work with Branch to deliver tremendous value to homeowners and build the future of comprehensive protection.”