Rising costs reflect the essential value of key cover

The average cost for a replacement car key across all major makes and models now stands at £215, according to Keycare, the UK’s leading expert in key cover, recovery and assistance products and services. The average key replacement cost in 2015 has risen by 29% compared to 2013 and now range from £162 for a Vauxhall Astra key and £262 for a Ford Fiesta.* Continue reading

Bexhill launches new broker-funded direct premium finance model

Bexhill UK, the Premium Finance Provider, is delighted to announce the market’s first ever broker-funded direct premium finance facility. An alternative to its other premium finance offerings, the new facility called Broker Invest, enables brokers for the first time, to lend their own funds to clients in a fully FCA compliant and regulated environment using Bexhill’s premium finance system. This means that brokers can invest their own funds and earn up to 20% from their premium finance business, rather than the usual 1-2% commission. Continue reading

New unoccupied Buy to Let properties now fully covered

General insurance provider, Berkeley Alexander, has today announced an upgrade to its Landlord Buy to Let product underwritten by Covéa Insurance which reduces the premium rates significantly across the majority of postal areas. At the same time it introduces full cover for unoccupied property for up to 60 days from the policy start date, allowing landlords time to find a tenant.
Continue reading

Add on key cover research reveals new customer insight

85% of those who sought to bring a claim for lost keys had no key cover at all, perhaps wrongly expecting their motor or home insurance policies to cover them as standard. Despite 7 out of 10 people saying they would consider buying key insurance, 52% have never had it, demonstrating a real demand and need for the product.

Almost half (45%) of those surveyed had lost their keys, locked them in their car/home or had them stolen. This had happened to 30% of those people in the last year. Continue reading

ALPS Launches Foreign Student Rent Guarantee Product

Auto Legal Protection Services (ALPS), one of the UK’s leading providers of motor claims solutions, legal expenses and additional products, has launched a new rent guarantee product as part of a new initiative from the intermediary YourGuarantor to provide a guarantor scheme for foreign students in the UK. Continue reading