Press "Enter" to skip to content

Policy Powerhouse | Policy Powerhouse launches the quickest vacation let insurance coverage quote platform within the UK, for buy in underneath 5 minutes

Policy Powerhouse, a brand new digital dealer, has right now launched the quickest quote platform within the UK for vacation let insurance coverage. Designed and constructed for busy vacation let enterprise homeowners, it affords them the flexibility to get a quote for, and buy, vacation let buildings and contents insurance coverage in underneath 5 minutes.

The skill to insure one or many properties on a single coverage with a single coverage charge and reductions for a number of properties can also be distinctive for a totally on-line service.

Policy Powerhouse logo

Policy Powerhouse brand

Add to {that a} extremely aggressive value level, and minimal want for guide information enter, and Policy Powerhouse efficiently simplifies the lives of vacation let enterprise homeowners.

CEO of Policy Powerhouse, John Bibby says, “We’re really excited to launch what we consider to be the most intuitive insurance platform on the market, which will transform the frankly, rather tedious holiday let insurance buying process, making it much faster and easier to obtain competitive pricing and a choice of coverage level to suit holiday let owners”

He goes on to clarify, “Having been in the insurance market for most of our lives, we saw a gap in 4 critical areas of insurance: cost, speed of purchase, the ability to insure multiple properties on a single policy and range of products, particularly where requirements don’t quite fit the typical mould. This is where Policy Powerhouse comes in.”

The UK based mostly digital dealer, based in 2021, aspires to convey non-standard insurance coverage merchandise inside simple, quick, and cost-effective attain of consumers to avoid wasting them money and time. Taking the trouble out of the insurance-buying course of and delivering simple claims processes, with enhanced underwriting information and efficiency is core to their enterprise mannequin.

“Typically for non-standard insurance products like holiday let properties, owners need to hunt around for providers that offer the right protection, then undergo lengthy phone calls / processes to obtain a quote –which can ultimately end up in rejection. It can be very frustrating when you know what you want in an insurance product, but you aren’t able to purchase it easily,” explains Bibby.

Because vacation let properties could be left unoccupied for longer than 30 days and have a number of short-term tenancies, they’re seen as a better danger than customary residence insurance coverage. This signifies that customary residence insurance coverage insurance policies sometimes don’t present sufficient cowl, which is the place Policy Powerhouse’s ‘Holiday Lets’ insurance coverage matches.

A easy 5 step course of for acquiring a coverage has been developed by Policy Powerhouse, minimising guide information enter past another platform so far by way of partnering with main property information provider WhenFresh.

The purchaser solely must enter the deal with and all needed property and danger associated questions are immediately “pre-answered” throughout the Policy Powerhouse platform, by pulling in information through the WhenFresh API. This removes the necessity for consumers to finish prolonged, complicated kinds, making the method of acquiring a quote a lot quicker and less complicated.

Step 1: A most of 10 fields to fill in, Four of that are drop-down choices, gathers primary contact particulars for the property homeowners.

Step 2: A fast postcode search to seek out the property deal with/es that you just wish to insure, permitting you to pick your property, plus the coverage begin date, is all that’s required.

Step 3: You’ll be introduced with a variety of merchandise and costs, with the flexibility to pick extra cowl choices to customize your quote.

Step 4: Review your coverage particulars and ensure.

Step 5: Pay to your coverage, utilizing both a credit score or debit card or month-to-month instalments.

You’ll get instant entry to a Policy Powerhouse portal containing saved quotes, coverage particulars and all of your documentation.

Policy Powerhouse is dedicated to creating a distinction to the insurance coverage shopping for course of, however additionally they wish to make a distinction to individuals’s lives. By giving £1 of each coverage bought or renewed to the Make-A-Wish charity, they’ve set an preliminary goal of elevating £100,000 to assist present kids dwelling with crucial circumstances with the chance to make a want that’s distinctive to them.

Holiday Lets launches on the 16th of June 2022 and is the second product delivered to market by Policy Powerhouse. Their first insurance coverage product, Cancel Cover, affords vacation let homeowners safety in opposition to the danger of visitors cancelling their bookings, permitting them to refund visitors as much as 95% of prices incurred and reclaim that refund through Cancel Cover. Holiday let homeowners can subsequently compete with Online Travel Agents and shield their monetary place.

COO of Policy Powerhouse, Steve Dixon, has labored on the concept behind the platform. “We envisaged a central platform where customers can manage all their insurance policies with ease, and also log their holiday booking for Cancel Cover protection. Insurance doesn’t stop when a customer has purchased, it is also about making the claims process as fast and easy as possible to reduce admin time.”

Dixon goes on the clarify, “Efficient use of API’s mean that the customer experience is fast and frictionless, and our insurer partners gain enhanced insight into the risks that they accept. Our Holiday Lets product is supported by A+ rated insurance capacity. Whilst we have focused upon making the platform as intuitive as possible, we recognise that some customers will need additional support, so all lines of communication are open at Policy Powerhouse, including via live chat, instant messaging, email, and phone. We are always there to support our customers and prospective customers”

WhenFresh CEO Mark Cunningham provides: “It’s great to see Policy Powerhouse innovating in the Holiday Let insurance space. It’s a market that’s been poorly served in the past and this is a great example of how smart technology and WhenFresh property data can be brought together to massively simplify and speed-up what has, before now, been a complex and painful experience for buyers.”

With customer support being an necessary ingredient to Policy Powerhouse, the ‘new kid off the block’ is definitely seeking to disrupt the insurance coverage market.

About Policy Powerhouse
Policy Powerhouse is a digital dealer, providing uniquely tailor-made cowl for non-standard necessities within the property, enterprise, and leisure sectors.

Combining extra versatile, bespoke insurance policies with superior insurance coverage expertise, Policy Powerhouse’s subsequent technology platform permits clients to scale back their time to acquire cowl to just some minutes.

With an government & advisory board comprising a few years’ expertise at firms together with AXA, RSA, AIG, Towergate and CETA, the enterprise mannequin constitutes a quickly increasing product vary, every with distinctive market choices to fill gaps out there. Cancel Cover and Holiday Lets are the primary 2 insurance coverage merchandise accessible with additional non-standard insurance coverage merchandise being launched in 2022.

Customers are on the heart of the enterprise mannequin, guaranteeing that each the product and the service meets clients particular wants.

Find out extra at www.policypowerhouse.com

-END-

Press Contact:
Beth Baxter
Policy Powerhouse
beth@policypowerhouse.co.uk
07871 598162

Policy Powerhouse is an appointed consultant of Bennett Gould & Partners (Dorset) Limited which is authorised and controlled by the Financial Conduct Authority (agency Reference quantity 310780) You can test the regulatory standing of Policy Powerhouse at http://www.fca.uk/register or by telephoning 0800 111 6768

Policy Powerhouse Company Registration No: 13071685. Registered Office: The Granary, Hermitage Court, Hermitage Lane, Maidstone, Kent, ME16 9NT, United Kingdom.

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    %d bloggers like this: