Kensington Mortgages has launched its insurance range, developed as the complimentary partner to its mortgage product range.
Kensingtons insurance range offers features and flexibility to meet the needs of its borrowers. The range comprises of household building insurance, with or without contents, accident and sickness, or accident, sickness and unemployment insurance.
Kensington listened to introducer feedback to deliver an insurance solution that allows intermediaries to get quotes, binding decisions and complete the application on-line in a matter of minutes at www.kmc.co.uk. Not only will this reduce administration time, but Kensington is now paying up to 23% commission to brokers for each and every month the customer maintains cover.
Key features of the Household range include 12 months interest free direct debit payment option plan, competitive premiums with lifestyle discounts, and optional extras such as cover for business tools & equipment, accidental damage & legal expenses.
The ASU range offers a flexible range of options that understands customers different and individual insurance needs by allowing them to select their ideal level of cover, the benefit duration and the claim waiting period.
Alison Hutchinson, managing director at Kensington, says: Research has shown this range of insurance products is one of the most comprehensive and competitive ranges on the market with quotations only a few clicks away at Kensington online. The team at Kensington are passionate about developing and improving our product offering, in order to give our brokers the flexibility to provide their customers with a more comprehensive one stop mortgage solution.
Bashir Ahmed, managing director of Exclusive Connections Luton, adds: The Kensington insurance range complements its existing product proposition well. The key features of the ASU & B&C cover that these products provide can only be good news for our market. The speed and ease that intermediaries can source and complete a GI transaction is key to the sales process. Online quotation and submission will be a major selling point to brokers looking to reduce the time spent on the administration of this type of product.