Post Office Insurance and Ageas enter exclusive home insurance partnership
Post Office Insurance and Ageas Insurance have agreed to a new five-year partnership to offer a range of home insurance products to new and existing customers. These have been designed to offer Post Office customers a choice of cover options.
The new products are offered via three different levels of coverage (Gold, Silver and Bronz) supported by a data-driven, reduced question set, refreshed mobile-first journeys and a clear policy wording.
The Gold coverage provides policyholders up to £1m of buildings and £100k of contents coverage with some enhanced insurance benefits. Silver offers the same building coverage along with £80k of contents cover, while Bronze offers up to £750k of buildings coverage and up to £50k of contents coverage. All coverage levels also include access to a Legal Helplines Service which offers advice dealing with a range of topics. Additionally, there are two products that a customer can choose for extra coverage, Home Emergency and Family Legal Protection.
“We have a close and enduring partnership with Ageas built up over many years and so we knew they were the people who could make insurance easy for our customers. For us this isn’t just a new range of products it’s a completely different approach as we’ve now got an Ageas trained in-house team to deliver our customer sales and service. This new product offering and exciting partnership offers us a significant platform to grow in one of our core verticals and we look forward to working with Ageas to build a substantial presence in this market.” – Ed Dutton, Managing Director of Post Office Insurance.
“Post Office Insurance is a well-known brand and we’re proud to be chosen as its trusted partner to continue to deliver its home insurance proposition. The teams on both sides have worked tremendously hard to create a fresh portfolio of products that make home insurance easy for Post Office customers.” – Ant Middle, Ageas’s Chief Customer Officer.
Bottom Line: With over 11,500 branches, the Post Office network is the biggest retail network in the UK.
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Underwritten by Ageas, the policy allows young drivers to pay for an initial package of 500 miles from £195, arranging an automatic top-up of 100 to 500 miles when they have 50 miles remaining, with the top-up costing less the safer the policyholder drives. Drivers can keep a track of what has been used on their app and earn a No Claims Discount for every year they remain claim free.