Virgin Money has launched home and landlord insurance products in partnership with insurtech firm Uinsure.
The lender’s home insurance provides £1m of building cover and £75,000 in contents cover as standard.
Customers will have to answer a short set of questions, including their name, date of birth and postcode.
The new home insurance product is available online, with options to take out a policy by telephone for customers without online access.
A variety of communication methods are available for renewals, including online, email, post, and telephone.
The partnership with Uinsure means any new business or renewal quote will automatically offer the customer the lowest price based on the insurtech’s panel of underwriters.
Virgin Money head of personal banking Graeme Sands says: “Virgin Money’s innovative home insurance product offers a market-leading quote journey in as little as 30 seconds, competitive pricing through a panel of insurers, automatic re-broking at renewal, and a transparent fee structure with no hidden fees. In collaboration with Uinsure, who will administer our home insurance product, we provide customers with simplicity, quality, and transparency.”
