A new private motor product aimed at the small and medium sized car sector is being launched by Norwich Union, the UK’s largest motor insurer.
A new private motor product aimed at the small and medium sized car sector is being launched by Norwich Union, the UK’s largest motor insurer.
Just Car, which will only be available through brokers who use full- cycle EDI, will provide an alternative to the Private Car product, offering lower cost cover with fewer added extras, but still with the full support of the Clubline claims service.
Just Car will be available from April and is aimed at customers who have smaller family cars or second cars.
Richard Alger, motor development manager at Norwich Union, said: “Research tells us that customers often do not want full cover with added extras, such as European cover, on these types of vehicles.
“We have therefore stripped out some ‘non-essential’ elements of the cover and limited the acceptance criteria to make it simpler for the customer and easier for full cycle brokers to sell.”
The acceptance criteria for Just Car are:
- Car groups 1-10 up to 1610cc
- Drivers must be aged 25-75 years old
- One year minimum no claims discount
- No additional drivers under 25
The product cover includes:
- Comprehensive only
- Ł175 excess
- geographical limits restricted to the UK only
- courtesy car when a select repairer is used
- Ł100 medical expenses
- non-manufacturer fit stereo/audio equipment limited to Ł250
Richard Alger added: “We believe full cycle EDI is the future for brokers writing standard business which is why this product is only available through that particular software mechanism. Brokers who use quote-only facilities may be able to see quotes for the Just Car product on their screens but will not be able to process transactions unless they upgrade to full cycle.”
-end-
For further information contact Jenny Chapman at Norwich Union on 08703 66 68 64/07775 822642
Notes to editors
- Norwich Union is the UK’s largest insurer with a market share of around 16 per cent and is more than 1.5 times the size of its nearest rival. It is also the largest personal lines insurer.
- It has a focus on insurance for individuals and small businesses. It insures:
- one in five households
- one in five motor vehicles
- more than 700,000 businesses
- Norwich Union products are available through a variety of distribution channels including brokers, corporate partners such as banks and building societies and Norwich Union Direct.
- Norwich Union’s news releases are available on the Aviva plc website at www.aviva.com
- A selection of images is available from the Norwich Union Newscast site at www.newscast.co.uk
- An ISDN facility is available for studio quality interviews. Call the press office on 08703 66 68 68
For all life & pensions media enquiries 08703 66 68 73
For all other media enquiries 08703 66 68 68