The Source announces further rate reductions
07 July 2014
Source insurance continues to reduce premiums for household and landlord property insurance as the market improves. Commenting on the rate reductions Source MD Kevin Paterson said “better than expected claims experience in the last couple of years coupled to an increased appetite from household insurers is driving the aggressive pricing, given the size of our household and landlord panels we have seen a significant rise in monthly rate reductions with more forecast throughout the year”. Paterson went to say “we are also seeing more and more customers fall into the expanding non-standard category and as such we have been working with an increasing number of insurers on our panel that are keen to price more competitively for this business, overall its good news for clients as more and more insurers are fighting for your business”.
------------ ends -------------
