Assurant Intermediary

Annual buildings and contents reviews could be key to saving customers money




Annual buildings and contents (B&C) reviews could be key to saving customers money, according to Assurant Intermediary.

The company stated that via face-to-face reviews, advisers could undertake a more holistic assessment of customers’ finances.

“B&C insurance is an annually renewable product and provides a great opportunity to not only review levels of cover, but also the terms and conditions covering excesses, accidental damage, alternative accommodation, trace and access and escape of water excess,” said Carl Stacey, head of distribution at Assurant Intermediary.

“Older policies definitely need to be reviewed as much for what they do not cover as for what they do.

“Providers’ appetite changes all the time and, as we have seen with car insurance, today’s best deal might not actually look as good a year down the line.”

Carl added: “With advisers’ client banks increasingly under threat from online product and service providers, as well as fellow advisers, it makes it even more important for brokers to stay closer than ever to their customers.”

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