CAVERE INSURANCE LAUNCHES FLOOD RE ENABLED HOME INSURANCE – Insurance Age
Product for brokers is underwritten by Ageas.
Cavere Insurance has launched a buildings and contents insurance policy that it said provides affordable cover for homes affected by flooding.
According to the company its new policy comes as the main broker software houses lag behind the direct to consumer propositions.
The product offers cover up to £1m for buildings and up to £60,000 for contents with an excess of £250 for flood claims.
The new offering is underwritten by Ageas Insurance.
Commenting on the launch, Paul Thompson, chief executive officer at Cavere said: “I am delighted that Cavere has managed to be amongst the first in the country to offer a Flood Re backed product into the market for brokers.
“What is great about the scheme is that homeowners in flood risk areas can now have the peace of mind knowing that their property is insured at an affordable price and the excess of £250 will not break the bank in the event of a claim.”
Cavere Insurance launches a home insurance product backed by Flood Re.
Press Release – Immediate release 13th June 2016
York insurance firm, Cavere Insurance, is one of the first brokers in the country to launch an affordable flood insurance product backed by Flood Re, the government and insurance industry supported not-for-profit scheme.
Cavere Insurance today announced that they have successfully built and launched a buildings and contents insurance policy that provides affordable cover for homes affected by flooding.
In recent years, we’ve all seen how devastating a flood can be. Not only as the waters rise but afterwards too, as people struggle to find affordable insurance for their homes.
That’s why the Government has been working more closely with insurers in the UK, delivering a new way of dealing with and offering flood cover on home insurance through a not-for-profit scheme that’s funded by insurers.
The Cavere product offers cover up to £1 Million for buildings and up to £60,000 for Contents with an excess of only £250 for flood claims. The product, underwritten by Ageas Insurance, one of Europe’s largest insurers is rated 5 stars by Moneyfacts Group, the independent financial research company.
Commenting on the launch, Paul Thompson, Chief executive officer at Cavere said:
“I am delighted that Cavere has managed to be amongst the first in the country to offer a Flood Re backed product into the market. Being based in York we are only too aware of the impact flooding has on homeowners and their lives. What is great about the scheme is that homeowners in flood risk areas can now have the peace of mind knowing that their property is insured at an affordable price and the excess of £250 will not break the bank in the event of a claim.”
Notes to Editors:
For more information about Flood Re visit their website at www.floodre.co.uk
For more information about Ageas visit their website at www.ageas.com
Cavere Insurance is a product provider and master broker/managing general agent. They provide seamless fulfilment and distribution through managed relationships with underwriters and distributors.
Cavere distributes a full suite of general insurance products tailored to the individual needs of clients including; Residential Buildings and Contents, Landlords Let Property, Tenants Contents, Income Protection, Mortgage Protection, Life, Home Emergency and supporting ancillary products.
Cavere Insurance utilises an exclusive proprietary point of sale system (Magenta) that facilitates general insurance applications and end to end administration throughout the customer journey.
Central to the business is the use of technology.
Cavere leads through innovation, championing creative ideas and solutions that enable their partners to differentiate their proposition in the marketplace. All systems are designed and developed in house by a team of insurance specialists.
Paul Thompson, Chief Executive Officer, Cavere
Tel: 01904 476090
2 Horizon Court