Goosehead Insurance Inc., an independent personal lines insurance agency, announced that it has executed an agreement to purchase Vivint Smart Home’s insurance book, which includes more than 15,000 policies, for $5.5 million in cash.

Through Goosehead’s product portfolio, distribution, and technology, the company aims to provide a seamless transition for existing Vivint clients to ensure they have the right coverage, according to a company press release.

As an independent agency, Goosehead works with more than 150 insurance carriers. It provides insurance coverage nationwide, ensuring clients receive region-specific advice. Goosehead’s proprietary, agent-facing Aviator platform aims to provide a more streamlined, transparent, and efficient process for clients and agents as well, the press release said.

Existing Vivint insurance clients will receive a welcome message that provides the information needed for a transition to Goosehead Insurance.

Source: Goosehead