(Image source: MooveGuru homepage.)
Mylo, a digital broker startup launched by Lockton Companies (Kansas City, Mo.) in 2015, has been selected by moving concierge service MooveGuru as its exclusive insurance partner. Customers of over 300 real estate brokerages will benefit from the partnership by gaining fast, easy access to expert home insurance recommendations, online quote comparisons from multiple carriers and personalized advice from licensed agents, according to a Mylo statement.
MooveGuru is a concierge solution for real estate brokerages who wish to provide moving services to their clients, including ERA, Keller Williams, Better Homes and Gardens Real Estate, Berkshire Hathaway, Century 21, Realty One Group, and The Realty Alliance. Mylo says it enhances their value by giving time-crunched homebuyers an easy path to the insurance they need to move into new homes. Brokerages can now compare digital quotes from leading carriers, get coverage recommendations, and purchase top-rated products for home, renters, auto, flood, umbrella and more. Because Mylo has carrier partners in all 50 states, they are able to find solutions in a wide range of geographical areas.
“People who are moving have an immediate need for insurance but may be too busy to find the best value on their own,” comments David Embry, CEO, Mylo. “MooveGuru is a great partner for Mylo because we’re both committed to helping home buyers and sellers save time, energy and money through technology.”
Integrating with Mylo will enhance and diversify MooveGuru’s user experience by adding expert insurance advice and multiple relevant products to the industry’s most extensive white-glove moving concierge service, Mylo’s statement asserts. “Our quest at MooveGuru is to partner with firms that offer end-to-end electronic provisioning of every service needed for a real estate transaction,” comments Scott Oakley, CEO, MooveGuru. “With Mylo, customers can take advantage of their impressive insurance service offerings in real time, or work with the MooveGuru concierge desk for a personal touch.”
Extending Market Reach
Following its launch by Lockton Companies in 2015, Mylo received $28 M in a round of Series A funding led by global investment firm Guggenheim Partners (New York/Chicago) in 2019. The Mylo platform is designed to enable small businesses and individuals to find the best value for multiple insurance needs in a single place, which the firm asserts has resulted in month-over-month revenue growth. Integrating with MooveGuru extends Mylo’s market reach to a key audience of home buyers and sellers.
MooveGuru’s Oakley says his firm aims to address an important pain point for homebuyers and sellers: the move. On average, consumers spend about $10,000 per move according to a proprietary research study by the University of Colorado. In addition to connecting all utilities to a new home via one 20-minute phone call, MooveGuru sends clients discounts to popular retailers such as The Home Depot during their move with an email branded to the broker and agent, keeping agents connected to past clients once a quarter following the move.
Digital insurance broker Mylo Announces $28M Series A Funding