The product, which is based on The Source’s existing sentinel household product range, offers discounts on properties less than 14 years old and a premium discount on homes less than a year old.
Customers can take out up to £500,000 of buildings cover and £50,000 of contents cover, while the product is underwritten by UKG/Ageas.
Brian Coulton, head of sales for Source, said: “We have been working on this product for some time in the wake of the resurgence of the property market and the popularity of the governments Help to Buy scheme, many of our brokers have been asking for a specialist new build household policy.”
The product comes with an extended quote guarantee period of up to 6 months.
Kevin Paterson, Source managing director, added: “This further strengthens our proposition and our ambition to become the GI platform of choice.”
