Tesco Insurance expands property insurance proposition

Tesco Insurance has partnered with Prestige Underwriting to launch products for second homeowners and private landlords who rent out a property. Prestige will provide the products through its Open and Direct brand.

Prestige will manage product sales, servicing and claims and customers will have access to the insurance online or over the phone.

Alex Cross, chief customer officer at Tesco Insurance, said: “We know that for some customers’ their insurance needs can extend beyond their main home, whether they own a holiday property or rent out another property.

“By expanding our relationship with Prestige Underwriting, we can give customers access to specialist insurance designed for these types of properties.”

Tim Baxter, business development and relationship director at Prestige Underwriting, added: “Tesco Insurance’s reach and established customer relationships will help us bring our specialist expertise to more people through Open and Direct.

“Together, we can help customers find cover suited to their needs, supporting Tesco’s ambition to make insurance more rewarding and become the insurer of choice for Tesco customers.”


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