Brokers need to submit an online form with customer details and Select & Protect’s customer service team will then contact the customer directly to offer a quote. If the customer chooses to go ahead, the broker starts earning commission straight away.
James Manners, national sales manager, said: “This is ideal for brokers who don’t want to lose out on income but just don’t have the time or inclination to sell GI alongside mortgages.
“The real worry for brokers who aren’t currently offering their customers home insurance alongside a mortgage is that they could be pushing them straight into the clutches of competitors.
“If a customer has to go elsewhere for their home insurance or Mortgage Payment Protection Insurance, it’s likely that ‘elsewhere’ will soon be contacting them with mortgage deals and other financial services and advice.”
