The British Insurance Brokers’ Association (BIBA) has launched a new scheme with the insurtech, OneClickCover, to offer members access to an online home insurance platform that provides customers a quote by using their property address.
The scheme offers comprehensive cover including “unlimited” buildings cover and £80,000 of contents cover with a single unspecified item limit of £5,000.
The policy aims to make buying home insurance simpler for customers by entering their postcode and agreeing to a number of short statements about the property and themselves.
Mike Hallam, head of technical services, BIBA, said: “We’re delighted to bring this comprehensive and easy to use product to members providing them with a new platform to compete in the home insurance market.
“It’s a quick and simple product that has no minimum entry requirements for members and five star levels of cover for their customers.”
Hutton Swinglehurst, founder and CEO, OneClickCover, added: “In short, OneClickCover will offer BIBA members access to arguably the most highly advanced home insurance product available in the market with a customer journey superior to anything currently offered by aggregators or the large direct players.
“For the BIBA broker currently not offering home insurance it will provide an income stream without marketing or administration costs and yet still offer their clients a highly innovative product.”