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Household

Household insurance

For you

Additional cross-selling opportunity Commission for the life of all policies Simplified quotation process Source Rewards loyalty scheme Optional proactive renewals management

For your clients

Legal cover included in all policies £5,000 Trace and Access cover included as standard Non-standard cover available Immediate confirmation of cover Policy documents stored online

Why is household insurance important?

 

It’s vital that the right protection is in place to fully protect a home, and to consider the perils of being underinsured. Household insurance is an ‘umbrella’ term which covers two types of insurance, buildings and contents insurance.

 

When it comes to mortgages, it’s important to make the most out of every cross-selling opportunity available. Introducing household insurance to your clients early on in the process may bring significant returns for you and your business in the long-run.

Buildings cover

Cover highlights

Buildings cover up to £1million Legal Liability up to £2million Unoccupancy up to 60 days

Additional benefits

Trace and Access included as standard Alternative accommodation included as standard Homeworking cover

Buildings insurance

 

Buildings insurance is often a condition of mortgage acceptance. It covers the external structure of the property and relates to the bricks and mortar of the building.

 

If the property were to be damaged by a disaster, such as a flood or fire, this type of policy would cover the rebuilding costs, costs of demolition, site clearance and architects’ fees.

Buildings insurance also protects fixtures and fittings throughout the home, such as kitchen units and bathroom suites.

Contents cover

Cover highlights

Contents cover up to £100,000 Valuables up to £30,000 Personal Liability up to £2million

Additional benefits

Personal possessions up to £22,499 Single Article Limit up to £15,000 Pedal Cycle cover up to £5,000

Contents insurance

 

It’s no surprise that when all items within a home are added up, their total value would be rather significant.

 

Contents insurance is a particularly useful type of cover that protects possessions that your client has collected over the years, and is important for covering the costs to repair or replace such items.

Contents insurance includes items such as furniture, televisions and clothes. Damage as a result of water leakages, storms, flooding, fires, explosions, lightning, and earthquakes is usually covered.

Submit a Household quote

Non-Standard Cover

Cover highlights

Flat roof properties Unoccupied properties Properties undergoing renovation

Additional benefits

Previous subsidence Previous CCJs and IVAs Previous claims history

Non-standard cover

 

As the need for non-standard insurance becomes more prevalent every day, there are still a number of General Insurance providers who fail to offer a tailored insurance solution required for clients with high risk properties and circumstances.

 

At Source, we’re pleased to offer a range of truly whole of market products through our quotation platform, enabling brokers to retrieve suitable quotes online.