Inertia Features & Benefits

Here are some of the latest features available to help you when using our Inertia Quotation Software.

Price Match

Price Match is available on our BestQuote and Landlords Buildings & Contents products. Any customer that has held their current insurance policy elsewhere for 12 months or more and not claimed in the last year can apply.

To access Price Match you simply open Inertia, select "BestQuote" and enter your customer's details as normal. Policies must be compared on a like for like basis so enter your customers insurance requirements based on their existing cover levels.

To ensure your quotation is based on like for like cover, you must select the sums insured, Personal Possessions limit and Policy Excess option that closely matches your customer's current policy.

If once you have produced your initial quotation, you find that Paymentshield's BestQuote premium doesn't already beat your customer's existing premium you can select the link displayed underneath the Total Monthly Cost:

Please note: Price Match may not be available to customers in higher risk postcodes. If Price Match is not available then the above link will simply not appear within Inertia.

Variable Excess

Our Buildings & Contents policies offer a selection of variable excesses. The standard, default excess remains at £100 (subsidence under buildings £1,000) but your customer can choose an excess from £50 to £500, to more specifically suit their demands and needs. A reduction in the excess to £50 will mean a small premium increase but to increase the excess, in line with the excess required by your customer, will mean a premium decrease. This is now available within the Inertia Quotation screen via the Policy Excess drop down list.

Optional Personal Possessions Cover

The default value for Optional Personal Possessions cover is set at £0.00. Therefore if your customers require cover for their personal possessions away from the home, you can enter a level of cover suitable for your customer's demands and needs. A drop down list of values is available, however the field can also be 'free keyed' if a specific amount is required.

Buildings & Contents Extra

Buildings & Contents Extra allows you to offer your customers buildings and contents cover in excess of our standard limits. By simply ticking the 'Extra' cover boxes you can increase your customers cover to £500,000 for buildings and £60,000 for contents.

Home Emergency and Legal Expenses Cover

Home Emergency provides cover to help make your customers home safe, secure and habitable after a sudden and unexpected event causes damage to their home or contents. Cost of repair by the designated qualified workman for up to £500 is included as well as overnight accommodation up to £100.

Legal Expenses provides cover for the cost of defending or negotiating your customer's legal rights against employment or contract disputes, bodily injury, property protection, tax investigation or legal defences as well as the possibility of contributing to the cost of lost wages if your customer is on jury service.

When performing a Buildings and Contents quotation in Inertia and either Home Emergency and/or Legal Expenses Cover is required by your customer's because it suits their demands and needs, you simply need to select the relevant boxes and this cover will be included within their quotation.

Multiple Users

You can register multiple users on Inertia. Now all of your users (if applicable) can share, access and edit one central customer database.

Manage your clients

The Diary, Task and Appointments system with automatic and customised reminders helps you to ensure your application procedures run smoothly.

Insurance Conduct of Business Sourcebook (ICOBS) total premium clarification

ICOBS sets out the FSA's standards and requirements for general insurance firms on how they deal with their customers. Firms are now required to advise customers of their monthly premium and either the total cost over the lifetime of the policy or, if this cannot be indicated, the cumulative cost of the policy over a number of years.

For Mortgage Payment Protection Insurance quotations, customers will be provided with the potential premium cost on a monthly, annual and five year basis and will be advised how to calculate the cost over the term of the mortgage.

For Building & Contents Insurance quotations, customers will be provided with the potential premium cost on a monthly and annual basis.

The premium illustrations will be included within the Inertia quotation screen, so you can disclose the premium projections to your customer verbally during the quote. To do this you will need to click on the button entitled "Premium Projections" at the bottom of the quotation screen.

If you already have a Paymentshield Agency, but do not have a copy of our Inertia quotation software you can order the latest version online.

If you require any help using the features in your Inertia quotations software then please contact our Inertia Support Team on:
T: 08450 615 200
E: inertiasupport@paymentshield.co.uk
Lines are open 9am - 5.15pm, Monday to Friday

This page is intended solely for the attention of Directly Authorised or Exempt Firms as defined by the Financial Services Authority.

Telephone calls may be recorded for security purposes and monitored under our quality control procedures.
© Paymentshield Limited, 2010 - Authorised and regulated by the Financial Services Authority.