Virgin Money re-enters home insurance market with Uinsure

Published on

Virgin Money is launching new home and landlord insurance products in partnership with Uinsure.

The bank’s customers will be able to get a 5-Star Defaqto-rated insurance quote by answering a short set of questions.

The home insurance provides £1 million of building cover and £75,000 in contents cover as standard, via a panel of insurers.

The proposition offers a commitment to “maintaining low prices year after year,” as the product includes automatic re-broking at renewal.

Customers will not incur any fees if they choose to cancel their home insurance or make a mid-term adjustment.

Graeme Sands, head of personal banking at Virgin Money, said: “Virgin Money’s innovative home insurance product offers a market-leading quote journey in as little as 30 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, who will administer our home insurance product, we provide customers with simplicity, quality, and transparency.”

Martin Schulthiess, Uinsure group managing director, 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.”

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

Mortgage industry rallies behind Christmas charity concert

Momentum is building fast behind this year’s Christmas charity concert in aid of EveryYouth...

First-time buyers put at the heart of Treasury mortgage talks

The government will urge lenders to put first-time buyers at the top of their...

Target urges lenders to treat mortgage servicing as a strategic asset

Target Group has called on mortgage lenders to rethink their approach to servicing, arguing...

Heron Financial launches AI training cohort and ethics committee

Heron Financial has launched an artificial intelligence training programme for staff alongside the creation...

Lenders still holding back SME acquisitions, survey finds

Commercial brokers continue to face limited options from lenders when it comes to funding...

Latest publication

Other news

Mortgage industry rallies behind Christmas charity concert

Momentum is building fast behind this year’s Christmas charity concert in aid of EveryYouth...

First-time buyers put at the heart of Treasury mortgage talks

The government will urge lenders to put first-time buyers at the top of their...

Target urges lenders to treat mortgage servicing as a strategic asset

Target Group has called on mortgage lenders to rethink their approach to servicing, arguing...