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Daily Insurance Industry News
Saturday 23rd of June 2018
September 29, 2008

Questor launches LifeStyle Excess Insurance

by Gill Montia

Story link: Questor launches LifeStyle Excess Insurance

Questor Insurance Services, the Internet broker, has launched LifeStyle-Excess Insurance.

The new policy aims to give reassurance to clients who may need to claims on policies with high excesses, by insuring the excess.

The cover is available across motor, home, travel, health and pet insurance.

According to Questor’s chief executive, Andrew Lawrence, the new product should allow consumers to take advantage of the lower premiums available with a high excess, without the worry of having to pay the excess in the event of a claim.

Mr Lawrence also recommends LifeStyle-Excess as a back-up to insurance products that have multiple excesses, or per person excesses such as travel insurance.

Questor is confident of strong demand up of its new offering as research to develop the product indicated that 88.1% of people thought it was a good idea.

Over 54% of respondents were enthusiastic enough to say they would purchase the cover immediately.

Features included in LifeStyle-Excess as a result of the research include cover for partners’ policies in the case of travel, pet and health insurance and an option to add cover for car insurance held by the policyholder’s partner.

Clients can claim as many times as needed, up to the level of cover purchased. The four levels of aggregate cover are priced at £250, £500, £1,000 and £2,000.

Clients must be resident in the UK and aged at least 21 to purchase LifeStyle-Excess and for household insurance both buildings and contents must be covered.

 

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