"In collaboration with Uinsure, which will administer our product, we provide customers with simplicity, quality, and transparency."
- Graeme Sands, Head of Personal Banking at Virgin Money
In partnership with Uinsure, Virgin Money has launched its new Home & Landlord Insurance offering. Uinsure’s technology will allow Virgin’s customers to get insurance quotes by answering a short set of questions, including name, date of birth, and postcode. Cover will be tailored to the unique requirements of both homeowners & landlords, backed by customer service.
Virgin’s Home & Landlord Insurance provides £1mn in building cover and £75k in contents cover as standard, a streamlined quote process, and using Uinsure’s insurance panel, Virgin can offer a common product at competitive prices.
This proposition offers a commitment to maintaining low prices year-on-year since the product includes automatic re-broking at renewal. There’s also a transparent fee structure where customers will not incur any fees if they choose to cancel their insurance or make a mid-term adjustment.
Virgin’s new product is available online, with the opportunity to take out a policy over the phone for customers without online access. Various communication methods are available for renewals, such as online, email, post, or telephone.
By bringing this product to market in partnership with Uinsure, any new business or renewal quote will automatically offer customers the lowest price based on Uinsure’s panel of underwriters. Virgin believes with the cheapest price, there’ll be less shopping around, saving customers money and time.
“Virgin Money’s product offers a market-leading quote journey in as little as thirty seconds, competitive pricing through a panel of insurers, automatic re-broking at renewal, and a transparent fee structure with no hidden fees. In collaboration with Uinsure, which will administer our product, we provide customers with simplicity, quality, and transparency,” explained Graeme Sands, Head of Personal Banking at Virgin Money.
Martin Schulthiess, Managing Director at Uinsure, added: “Our technology is built solely around the user – meaning customers can enjoy an insurance journey that’s free of the complexities they might previously have struggled with.
“The Virgin brand is one of the most recognised globally, with a long history of pushing boundaries and innovating for the benefit of its customers. That way of thinking very much mirrors our own way of working and we’re extremely excited to commence our partnership with Virgin Money.”
