Benefits of partnering with Roost
All of these benefits translate into lowering your costs, retaining more customers and increasing your business. What other affordable solution in the marketplace exists that can have that kind of impact on your homeowners book of business?
Mitigation of claims
- 1 in 55 homes has a water/freeze claim per year
- 1 in 265 home has a fire claim per year
- Average water/freeze claims is $8000 per claim*
- Average fire claims is $40,000 per claim*
The quicker a policyholder is aware of a fire or water leak, the lower the overall cost of a claim. Insurance companies that deploy Roost solutions can expect to cut their annual claims cost between 5%-15%. Between 2010-14, the average annual US claims for home fire and water exceeded $18 billion*. When installed, these very affordable Roost solutions can save insurance companies millions in claims every year.
* Weighted average claims 2010-2014 in the U.S. Source
Increase Customer Engagement & Retention
Insurance has historically been an intangible product. The Roost "Home Protection in a Box" kit makes your insurance product tangible to your policyholders. We'll custom design the right solution of Roost smart home devices and then deliver it right to your customer's door.
With the Roost solution, imagine being able to proactively contact the policyholder at the same time that an alert notification is sent. In this way, you can accelerate the response time and offer assistance without the policyholder having to call you. The net result is the ability to settle claims faster leading to lower claims costs, happier customers while also minimizing the potential of costly litigation.
drive new business growth
How much incremental business would you get if your agent could offer a potential new customer a "Home Protection in a Box" kit when they were deciding to choose you vs your competition?
What is the likelihood of your competitor offering potential policy holders the same value you can provide with the Roost Home kit?
Time to think about the powerful competitive advantage Roost can enable for your sales team?