Paymentshield has introduced improvements to its home insurance offer, including an overhaul of its core limits. The move follows market research with both customers and advisers, conducted alongside the firm’s insurance partners.
Upgrades to the policy include increasing the limit on cover for buildings to a blanket amount of £1m and cover for theft from garages and other outbuildings is being increased from £3,000 to £5,000. Additional cover has been added for electric bikes, mobility scooters and hot tubs, while up to £10,000 of contents cover is now also available for any permanent household members who move out, such as into student accommodation or a nursing home.
Emma Green, director of distribution at Paymentshield, said: “We know that our home insurance product already comfortably met the needs of the majority of households, but we wanted to make it an even stronger product so advisers can confidently quote each and every client knowing that it offers enough coverage.
“Due to market conditions, we know advisers are having to do more with less. So, whether they use our optimised home insurance quote journey to generate an accurate quote in under a minute, refer their business to our expert in-house team who can advise the customer on their behalf, or refer them to our online purchase option, we believe our proposition confidently delivers for advisers helping their clients to find quality home insurance.”
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