As early adopters and innovators in schemes business, Towergate has partnered with SchemeServe, to launch a Combined Commercial and Residential Property Owners’ online quote and buy scheme for brokers.
Underwritten by Modus, the launch is Towergate’s first online combined scheme, administered through a single platform, where residential, commercial and unoccupied property owners’ covers are available for brokers to quote and buy under the same policy.
The scheme is hosted on the SchemeServe platform and has been designed and built to administer the online quotes, policy adjustments, cancellations and auto-generated policy documents, all through the platform. The scheme accommodates single properties or multi-location portfolios, and offers short term period solutions, allowing three, or six-month policies, for Residential risks. It also covers multi-tenure properties (with over 2,000 trades acceptable for commercial properties), as well as both occupied and unoccupied premises. Optional covers, such as terrorism and legal expenses, are also available on the platform.
Sean Neal, Commercial Director and Chief Commercial Officer of SchemeServe, comments: “We are proud to have enjoyed a long and successful partnership with Towergate. For seven years we have been working with them to design and administrate innovative schemes on our cloud-based platform. This latest multi page scheme aptly demonstrates the flexibility and scalability of the SchemeServe platform, and how our Scheme Tailors and Obsessive Support team works in partnership with our clients to build bespoke solutions for specialist needs. We have delivered a solution that enhances the broker proposition and enriches the customer experience. It is a pleasure playing a role in bringing new innovation like this to the schemes market.”
Gavin Hyett, a Senior Underwriter at Towergate, comments: “The Scheme was a complex build, with three risk types, all of which had a different rating approach and captured varying information on the quotation journey. Towergate has been working with SchemeServe for several years and, having built two other Property Owners’ schemes for us, we know they are fantastic at being able to build new schemes for us in a fraction of the time it would take other software houses to do. They worked closely with us and Modus to ensure they delivered on the brief perfectly. The support is excellent too – when we raise tickets they are answered and resolved in a matter of hours.”