The new product, distributed by Assurant Intermediary, is highly competitive for older properties, with an expanded list of features and benefits including £500,000 maximum cover for buildings (bedroom rated) and £50,000 for contents. In addition it also provides:
- Trace and access cover up to £5000
- Emergency access cover
- Business equipment cover up to £4000
- Unspecified single item limit of £2000
- Up to £300 cover for money and up to £1000 cover for credit cards
- Up to £5000 cover on loss of unmetered oil and water
- Replacing locks and freezer contents both covered up to £1000
- Excess of £250 including accidental damage and escape of water claims
- No charge for monthly direct debit payments and there is an annual payment option
Assurant Intermediary Sales & Marketing Director Kevin Paterson says:
“We’re delighted to distribute this product and provide our intermediaries with more choice when sourcing household insurances for their clients. We’re looking to create a panel of insurance providers who provide products that offer a depth and range of benefits that exceeds typical residential insurance offerings.”
