NIG

News & Views

You'll find a whole host of useful articles, features and interviews on our NIG News page. We aim to offer useful business updates, topical thought leadership and much more. We hope you find the content offers real value.

Helping you work more efficiently – how our Property Owners eProduct has changed for residential

26 August 2020

We know that eTrade channels (TheHub and Software Houses) are increasingly being used to request quotations for residential portfolios. Our full-cycle Property Owners eProduct has long been popular. It is suitable for single and multi-location portfolios of up to 25 premises.

We continue to work hard to add value to our Property Owners eProduct, listening to ongoing feedback to ensure we can maintain it as a go-to favourite.

That’s why we have enhanced our eProduct with increased limits, bulk uploads of properties and reduced referrals, helping to make the trading process more efficient, less time-consuming and improving the speed of response time for clients, therefore enhancing client conversion rates.

Our recently increased limits allow you to quote higher values. Providing you with enhanced trading capabilities and ensuring it is easier to trade larger risks online.

We have also reviewed referral values when you tell us a client has had a claim. It now means, where residential properties are concerned, that you don’t have to speak with an underwriter for the majority of quotes when there is a single claim up to £10,000.

It should be noted that Third Party Personal Injury, Employers’ Liability, Subsidence, Fire, Flood, Engineering & Legal Expenses at any value will still generate a referral.

  Previously Currently
Buildings declared value £10,000,000 £15,000,000
Building sum insured incl. Day One  £15,000,000 £22,500,000
Landlord Contents £500,000 £1,500,000
Rent Receivable £1,500,000 £2,500,000
Book Debts £100,000 £200,000

In addition to this, you can also transact up to 25 properties easily from a Microsoft Office compatible spreadsheet, further speeding the entire process up and reducing the need for you to re-key data.

We continually listen to your feedback and welcome any additional ideas for how we can make our eTrade products even better on an ongoing basis.

For more information, speak to your usual NIG contact.