(Image source: Kangaroo homepage.)
Kin, a Chicago-based insurance technology company seeking to simplify home insurance in disaster-prone areas across the country, has partnered with Kangaroo, a providable of home security solutions designed to be affordable and easy to use. As a result of the partnership, Kin’s customers now have access to free Kangaroo home security solutions, which include a Doorbell Camera, Chime, Water + Climate Sensor and a Motion + Entry Sensor, together with 24/7 professional monitoring services, which enable deeper premium discounts for customers.
According to a joint statement, Kin’s users can install the Kangaroo system in minutes and manage and monitor their devices directly through their smartphone on the Kangaroo app. With no hardwiring or professional installation required with Kangaroo’s products, customers can quickly and easily install home security systems, protecting their homes at a very low price point, according to the statement. The kit can also serve as a referral tool, incentivizing customers to encourage their friends and family to sign up for a new policy.
“We’re incredibly excited and proud to partner with the Kin team to provide even more value and assurance for their policyholders,” comments Dhruv Garg, co-founder and President, Kangaroo. “We designed Kangaroo to provide best-in-class affordability, simplicity, and security, helping our partners to reach their goals and serve their customers.”
Kangaroo’s low pricing and simplicity enables Kin and their agents to more effectively acquire and engage customers while also providing all-important risk mitigation, according to the joint statement. Agents speaking to potential customers can use the kit as an incentive for the customer to close or bind a policy. The Kangaroo security kit was also designed to help add value to the policy and increase positive engagement between Kin and their policyholders, further aiding in customer retention and acquisition efforts.
Qualifying Policyholders for Premium Discount
“We were immediately intrigued by Kangaroo’s value proposition—enabling more access to super affordable, easy-to-use home security products,” comments Sean Harper, co-founder and CEO, Kin. “It complements our mission to provide the easiest, most affordable home insurance and to help our customers prevent losses. We’re excited to join forces with Kangaroo and offer our customers a ready-to-use home security system with professional monitoring that immediately qualifies them for a premium discount.”
Kangaroo’s pitches its solutions as the most cost effective in the space, giving Kin customers have access to best-in-class home security without compromising quality. The hubless security devices also enable Kangaroo to assemble unique kits for Kin customers, improving the carrier-policyholder relationship and keeping cost of customer acquisition low, according to Kangaroo.