We have expanded our non-standard household proposition with the launch of our new specialist Thatched Home insurance product.
Launched today, the new product has been developed in response to feedback from brokers looking for additional options for thatched properties and is initially available exclusively through a selected number of broker partners specialising in this area of the market.
Thatched Home builds on our established presence in non-standard household insurance, extending our appetite into another area where properties can require a more specialist underwriting approach.
The new product offers a broad appetite for thatched properties, including the ability to consider risks involving non-standard construction, claims-heavy histories, convictions, subsidence and policyholders with CCJs. Flood-Re cover is also available for eligible properties.
A-rated capacity is provided by Hadron, following its addition to our non-standard household panel earlier this year. The additional capacity has helped us widen our acceptance criteria across the household portfolio and provide brokers with greater flexibility for more complex risks.
Brokers with access to Thatched Home can also use our AI-enabled submission technology for manual risk submissions.
The launch follows feedback from our broker partners and forms part of our continued approach of developing our proposition around the risks brokers are looking to place.
Chris Duck, Head of Property Underwriting at NBS Underwriting, said:
“With extensive experience in the thatched property market, I know how important it is to take a specialist approach to these risks. We’ve used that expertise, alongside broker feedback, to help shape the product and create an appetite that gives brokers more options.”
Steve Cowman, Managing Director at NBS Underwriting, added:
This is a product our brokers have been asking us for, so we’re really pleased to be able to deliver it. Thatched properties require specialist knowledge and underwriting, and the launch is a natural next step for our non-standard household proposition.
We’ve continued to invest in our household offering, both through additional capacity and technology, and Thatched Home gives us another way to support brokers with risks that don’t always fit standard markets.
If you are interested in finding out more about our Thatched Home insurance or our wider non-standard household offering, speak to our team on 0333 032 5000.
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