Uinsure, the multi-award-winning Home Insurance provider, has today announced a change to its renewal process. From July, Uinsure will rebroke all renewals by searching and comparing premiums from their panel of leading UK insurers, including AXA, Ageas, LV=Broker, RSA and UK General. If another insurer is cheaper, Uinsure will offer their customers the opportunity to switch to that insurers new business price at renewal.
If the policy is an annually paid policy or is already premium funded, Uinsure will move the policyholder onto the cheapest insurer on the panel automatically. If the policyholder pays monthly but is not premium funded, Uinsure will ask the customer to opt in to move to the cheapest insurer and save money. If they choose not to, they will simply remain with their current insurer.
There are no changes to the policy cover and the Uinsure Home Insurance product is always 5 Star Defaqto and Moneyfacts rated.
Today’s announcement is the latest development for Uinsure following a strong half year which has seen them successfully launch their online Non-Standard product, reduce their eligibility question set further and improve the levels of mobile phone cover available.
Paul Kelly, Director of Product Development, commented: “This is a great improvement to our renewal process and will ensure that our customers are benefitting from a panel approach not only at new business but each year at renewal too. Customers can benefit from new business pricing at renewal and can be confident they will always be offered a great deal each year alongside consistent 5 Star Defaqto and Moneyfacts rated cover.”