Kensington’s new insurance range offers innovative features and flexibility to meet the specific needs of its borrowers. The new range comprises of household building insurance, with or without contents, accident and sickness (AS), or accident, sickness and unemployment insurance (ASU).
Kensington listened to introducer feedback to deliver an insurance solution that allows intermediaries to get quotes, binding decisions and complete the application on-line in a matter of minutes at www.kmc.co.uk. Not only will this reduce administration time, but Kensington is now paying up to 23% commission to brokers for each and every month the customer maintains cover.
Key features of the new Household range include:
-12 months interest free direct debit payment option plan,
-Competitive premiums with lifestyle discounts
-Optional extras such as cover for Business Tools & Equipment, Accidental Damage & Legal Expenses
The new ASU range offers a flexible range of options that understands customers’ different and individual insurance needs by allowing them to select their ideal level of cover, the benefit duration and the claim waiting period.
Commenting on the new range, managing director, Alison Hutchinson said: “Research has shown this new range of insurance products is one of - if not the - most comprehensive and competitive ranges on the market with quotations only a few clicks away at Kensington online.
The team at Kensington are passionate about developing and improving our product offering, in order to give our brokers the flexibility to provide their customers with a more comprehensive one stop mortgage solution.”
Mr Bashir Ahmed, managing director of Exclusive Connections Luton added: “The new Kensington Insurance range complements their existing product proposition extremely well. The key features of the ASU & B&C cover that these products provide, can only be good news for our market. The speed and ease that intermediaries can source, and complete a GI transaction is key to the sales process. Online quotation and submission will be a major selling point to brokers looking to reduce the time spent on the administration of this type of product.”
