Tuesday 29 November 2011

Jubilee replaces Chartis as underwriter on insurance4carhire Europe

Insurance Insight is running a news report that Jubilee replaces Chartis as underwriter for Towergate's insurance4carhire Europe. As an agent for advertisements from insurance4carhire we were informed at the end of October.

 Jubilee have agreed a number of cover enhancements to the Annual product.

The major enhancements are indicated below:

No age restrictions - drivers between the ages of 21 and 85 are eligible for cover

Towing costs relating to damage or mechanical breakdown are now included

Increased excess or repair costs up to a maximum of £4,000 any one incident and up to a maximum of £5,000 during any one period of insurance.

Cover now includes Misfueling up to a maximum of £500 any one incident and up to a maximum of £2,000 in any one period of insurance

In-Country Rentals - this means there is no longer a 150kms restriction from where you live.

All for the same price! ...and if someone buys the annual Europe product via the insurance4carrental.com website it only costs £39.20 for the year.

According to Insurance Insight's report -

Simon Townsend, Divisional Managing Director at Towergate Underwriting Group, added: "Jubilee has a proven track record in combining its broad scheme expertise and knowledge with the strength of the Lloyd's platform to create solutions that bring more depth and relevance to the needs of affinity schemes."

Warren Campbell, Affinity and Special Risks Underwriter at Jubilee, said: "We have been able to extend the benefits for Insurance4carhire.com's customers and ensure they have a competitively priced, market-leading solution to protect their excess payments. The scheme reflects our strategy of building a diverse book of niche scheme products."

Source: Insurance Insight and insurance4carhire

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