Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 18th of January 2018
July 10, 2009

Adding1 launches Excess Protect

by Gill Montia

Story link: Adding1 launches Excess Protect

Adding1, the insurance marketing firm, has launched Excess Protect through its panel of UK intermediaries.

The new product allows customers to keep motor premiums down by opting for a higher policy excesses, while protecting themselves against the risk of extra cost.

According to Adding1 the policy will be of particular interest to brokers’ motor fleet clients, enabling them to reduce premiums significantly.

Excess Protect comes with a choice of a £250, £500 or £1000 annual aggregate limit meaning that any number of claims can be submitted up to the chosen limit.

Cover is available for personal and commercial vehicles plus taxis.

However, commercial vehicles over 3.5 tonnes gvw or insured on a fleet of more than 30 vehicles are excluded, as are taxis with multiple owners or users, and haulage vehicles.

Adding1 is Jersey-based firm headed by Julie Rodilosso, the founder of R&R.

The company began trading in 2006, having negotiated bespoke policy wordings with AIG UK Limited.

Its main competitor in the UK excess insurance market is likely to be insure4excess, part of the Towergate Partnership.

 

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