Paymentcare launches buildings and contents insurance
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Paymentcare.co.uk has launched a buildings and contents insurance policy, as well as an online quotation system.
The policy is underwritten by Ageas Insurance and offers up to £400,000 in buildings cover and £45,000 in contents cover, while accidental damage, home emergency and legal expenses and worldwide personal possessions are optional.
Paymentcare.co.uk claims the cover is designed to underpin its existing payment protection insurance policies, while the quotation system will give brokers instant quotes on the B&C policy and MPPI enquiries.
Shane Craig, managing director at Paymentcare.co.uk, says: “Our B&C policy is bedroom rated, so is quick and easy for brokers to quote at the point of sale. Another major benefit is that there is no monthly admin fee for the policies provided by Paymentcare.co.uk, and we also pay a generous 28% commission (less insurance premium tax) on both B&C and MPPI for the life of the policy.”
He adds: “We believe our new B&C product to be the most attractive on the market, designed to make mortgage brokers’ lives significantly easier, and with very competitive commission rates built in.
“As we continue to be in an uncertain employment climate, it is vitally important that borrowers continue to protect their ability to keep up their loan repayments should they lose their job or be unable to work due to accident or illness, especially given the current economic climate.”
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