Now is the time for GI
With a slightly subdued housing market now is the time for mortgage brokers to ensure they sell home insurance to make up their lost income, general insurance firms have argued. Read more on this here at Mortgage Introducer.
Pen makes 17 online home insurance products
We are delighted to announce the addition of Pen Underwriting Home Insurance product to our online panel.
This makes the our panel the broadest intermediary panel available on the market, with 17 products.
The Pen Home policy covers risks that e-traded systems normally exclude, for example underpinned properties, listed buildings and buildings undergoing renovations or building works. It also covers more unusual property types such as holiday homes, unoccupied properties and homes used for business while accommodating a wide range of occupant types including people with criminal convictions and people with adverse financial or insurance history. Properties with previous subsidence will also be considered on an individual basis, depending on the details of the risk.
It offers blanket sums insured for buildings up to £1million and contents up to £75,000.
Mark Hutchings, Managing Director of Berkeley Alexander, said: “We’re delighted to welcome Pen Underwriting to the panel. Pen really brings something new to the table in terms of its underwriting appetite, with such broad and flexible cover options and limits available. We’re proud that through our panel, brokers have access to one of the widest choices of quality GI policies available anywhere in this sector of the market to suit every level of customer need and budget.”
Andy Westby, Managing Director of Pen Underwriting’s e-Solutions business, added: “Being easy to do business with remains a top priority for Pen, so we’re really pleased to join Berkeley Alexander’s online panel with our non-standard home solution. Our innovative auto-rating of hard-to-place risks without need for separate referral to an underwriter, combined with Berkeley Alexander’s distribution, means we can provide more brokers, with faster access to more cover options for a much wider range of risks. And for non-standard customers, that means more choice, more often.”
