The Source extends reach to non-standard insurance
Source Insurance has this week extended its reach in the non-standard household insurance market with enhancements to its quotations engines that will allow more properties to be quoted.
Following agreements from existing underwriters Source have been able to broaden declarations and definitions as well as improved mapping to the engines allow them to quote for more non-standard property risks.
Commenting on the improved offering, Brian Coulton, National Sales Manager said:
“We are finding that more and more people are getting caught in the non-standard definition as insurers continue to refine their rating factors, with non-standard no longer restricted to thatched roofs or exotic construction, we are simply responding to this to ensure that we can quote for as many clients as possible.
"This is the latest in a series of developments planned for this year that should see our footprint extend further into the non-standard area which is becoming increasingly important to our brokers and their clients."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Buy-to-let
The Mortgage Works launches sub-3% buy-to-let rates
Tax
HMRC rule change set to impact millions of landlords and sole traders
HSBC
HSBC launches over two dozen sub-4% mortgage rates
Bank Of England
Bank of England cuts interest rates by 0.25%Â in three-way vote
Skipton
Skipton launches Delayed Start mortgage with no repayments for three months
FCA
FCA outlines steps to simplify mortgage rules
