Press Release
Paymentshield turns back time on Buildings & Contents insurance premiums
Paymentshield, the UK's largest independent supplier of mortgage related general insurance products to the intermediary sector, announced it is rolling back prices on its BestQuote Buildings & Contents insurance to 2005 levels1.
BestQuote is Paymentshield's lowest premium Buildings & Contents Insurance option and from now until the end of January 2008 it will be even cheaper. All quotes will be valid for 60 days and the lower premiums have already been included on the latest version of Inertia - Paymentshield's market leading quotation service.
Chris Traynor, Sales and Marketing Director at Paymentshield said: "As the industry counts the cost of flooding by raising insurance premiums to help it meet the thousands of claims and estimated £3 billion costs2, we are continually reviewing our proposition to ensure Paymentshield remains competitive for the intermediary and their customer. We believe more and more clients are becoming sensitive to household General Insurance pricing, therefore we are delighted to be reducing our BestQuote premiums to 2005 levels for the next three months."
Paymentshield's Extra Buildings & Contents product covers:
- Up to £500,000 buildings reinstatement cover
- Up to £60,000 contents cover and
- An option for personal possessions of up to £15,000
Optional Accidental Damage cover for Buildings & Contents is also available.
For people looking for more flexibility Paymentshield continues to offer FreeFirst - which offers three months of cover free.
Inertia Version 3.26 is available now. For further information advisers should call 08450 615 700.
-ENDS-
Notes to Editor:
1Based on a sample of 10,000 risks compared to average new business Buildings & Contents prices applicable through 2005
2Association of British Insurers, ABI presses for Government action on flood risk, 2nd October 2007
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About Paymentshield
Paymentshield Limited is the largest independent supplier of general insurance products to the mortgage intermediary sector. Paymentshield only sells through intermediaries and over 27,000 intermediaries have chosen Paymentshield.