The Source enhances property insurance range for landlords
12 May 2014
Leading general insurance provider, The Source, has enhanced its range of property insurance products for landlords with the launch of a comprehensive new offering – Sentinel Landlord.
The new Sentinel product provides buildings cover up to £2 million and contents cover up to £50,000. Uniquely cover can be accepted on referral for properties that will be unoccupied for up to 60 days from inception, and properties whereby minimal works are taking place from inception.
Another unique element of cover is that blocks of flats can be covered if cover is requested for the whole building providing that more than half of the properties in the block are let out. Many other insurers require all flats in a block to be rented out.
In addition, some non-standard properties and flat roofed properties will be considered on referral together with certain listed buildings.
The Source Insurance Director, Mick Cairns, says: “There are a lot of different options for landlords out in the marketplace but those with requirements that fall outside the norm can find it difficult to get the right level of cover. We’ve spent time talking to intermediaries with landlord clients and know that getting cover if the property is not going to be occupied straight away or if some maintenance work is taking place can be a real problem. The launch of our Sentinel product solves that problem and gives intermediaries a fresh new choice for their landlord clients.”
The Source National Sales Manager, Brian Coulton added, “many of our regular brokers will be familiar with our Sentinel household policy, a competitively priced quality product that has been occupying a leading panel position with us for a number of years and as such we are delighted that Sentinel have developed an equally compelling proposition for our landlord panel”.
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NOTES TO EDITORS
ABOUT THE SOURCE:
The Source is an online comparative quotation system that enables intermediaries to efficiently quote, compare and sell a range of General Insurance policies. It offers guaranteed quotes on Buildings and Contents, Buy-to-Let Insurance and MPPI, from a panel of the UK’s leading insurers:
Insurers:
AXA, LV, Zurich, Aviva, Royal & SunAlliance, Groupama, QBE, Sentinel, Cardif Pinnacle and Towergate
History:
Source Software Limited was founded in 1993 and has consistently pioneered advances in insurance sourcing technology for intermediaries including the following:
Technology:
Source was the first company to introduce electronic submission and more recently, instant confirmation of cover and Policy Number by email and comprehensive paperless FSA compliance audit trails which are created automatically and accessed online via a broker services extranet.
Objectives:
Source endeavours to stay one-step ahead through a combination of product innovation and remarkable customer service, maintaining a strong focus on FSA / FCA compliance support for brokers and impeccable standards of TCF for their clients.
For further information please contact Abby Masters, Source Insurance Ltd.
Telephone: 029 2026 5222 or email abby.masters@thesource.co.uk
