Legal & General Partnership Services, L&G’s network arm, has partnered with Sterling Insurance Company so that L&G advisers can offer home insurance to their high net worth clients.
Applications with a contents sum insured of over £70,000 or rebuilding costs of over £800,000 would typically qualify, as well as those with specified personal possessions over £20,000 or non-standard constructed properties.
Referrals are passed to Sterling, which will put the policies in place and handle all customer service enquiries.
Gary Burchett, managing director of housing at L&G, says: “Legal & General’s GI business arranged the relationship with Sterling and is closely involved in the ongoing process.
“We plan to add further services to our network proposition with carefully selected partners this year.”
David Sweeney, director of Sterling, says: “We are confident that we can provide a valuable additional product offering to L&G network’s customers.”