"In collaboration with Uinsure, who will administer our home insurance product, we provide customers with simplicity, quality, and transparency."
- Graeme Sands, head of personal banking at Virgin Money
Virgin Money is launching new home and landlord insurance products in partnership with Uinsure, marking its return to this segment of the market.
Uinsure’s technology will allow Virgin Money customers to get a 5 Star Defaqto-rated insurance quote by answering a short set of questions; including their name, date of birth and postcode in as little as 30 seconds.
Virgin's home insurance provides a robust £1 million of building cover and £75,000 in contents cover as standard.
The product includes automatic re-broking at renewal and customers will not incur any fees if they choose to cancel their home insurance or make a mid-term adjustment.
The partnership with Uinsure also ensures that any new business or renewal quote will automatically offer the customer the lowest price based on Uinsure’s panel of underwriters.
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, said: “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.”
