Plum deal for the Source

Published on

Source Insurance has added specialist home insurer Plum Underwriting to its online platform.

The additional product, which provides instant quotations, offers brokers a solution for clients with unusual circumstances.

Aimed at covering risks that have previously proved difficult to insure, the platform displays quotes for those with circumstances ranging from previous bankruptcy orders and poor credit history, criminal convictions, unoccupied property and those requiring cover for high risk valuables.

Kevin Paterson, managing director of Source Insurance, said: “Our relationship with Plum goes back a long way. We worked with them to build an engine that offers greater competitive choice, the first choice, and best choice for difficult insurance spaces.

Most of the brokers who use it are mortgage brokers. They used to walk away from difficult or niche cases, but now they don’t have to.”

Simon Lewer, business development director of Plum Underwriting, added: “We are delighted to be working with Source Insurance, who have a strong reputation and proven track record in this area with their highly efficient distribution model.

“We’re pleased that brokers of Source Insurance now have a solution to risks they would normally have to decline.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...