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First fully online insurance for empty homes launched

CETA, the UKs largest general insurance network, has launched the first fully online service providing unoccupied property cover over three, six, nine and 12-month terms.

The cover, underwritten by insurance giant Ocaso, is available through the CETA premium portal which offers members access to quotes on more than 50 insurance and financial products as well as an online sales and administration system.

There is no minimum level of business and commission rates are paid on initial or renewal business.

David Quick, managing director at CETA says: Empty properties are seen as a much higher risk than occupied homes which puts off many insurers. This has made it much harder to find suitable cover at a competitive price.

There are many common reasons for properties being left empty, for example, during refurbishment, between lettings, or when the executors of a will are organising a sale after the owners death.

Quick adds: We believe this is the first fully automated system for this kind of business. Cover can be arranged quickly, there is no need for manual forms or signatures.

CETA has access to a wide range of management information and accounting tools such as commission statements, quotation activity and policy schedules.
He says: It is designed to be comprehensive, competitive and user-friendly. We believe it is a winning combination that will cut costs and create an important new revenue stream.


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