Its home insurance product achieved a year-on-year increase of 26% in September – surpassing the previous record in June.
Insurance provider Paymentshield achieved its best ever month in September in terms of home insurance sales by value.
Its home insurance product achieved a year-on-year increase of 26% in September – surpassing the previous record in June.
James Watson (pictured), sales director at Paymentshield, said: “Our September sales results are hugely encouraging and demonstrate a heightened awareness among advisers when it comes to the financial benefits of quoting for GI on a mortgage application.
“Our goal now is to increase this further and get to a point where a clear majority of mortgages have a GI quote applied.
“To achieve this, we’ll be continuing to work closely with advisers and optimising our proposition to make the process of protecting what matters most to their clients as simple as possible.”
Paymentyshield is currently offering a ‘first three months free’ offer for remortgage clients, which will be available until the end of the year.
Watson added: “This time of year is the prime time for remortgage applications to go through, so we wanted to make it as easy as possible for advisers to make sure their clients are protected for any eventuality – something that’s particularly pertinent given the extreme weather the country’s been hit with recently.”
