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Winter Business Update

Having reflected on the successes and challenges of 2021, we’re looking forward to a year of new opportunities. As always, we’ll be on hand to help throughout the year if you need us. Read on for our latest updates:

Changes to Admin Fees

From 1st February 2022, there has been a change to the admin fees for our property insurance products.

  • Fees are applied at £20 for premiums of £500 or lower and £30 for premiums of £500.01 or higher
  • Fees are applied per property
  • Fees are capped at max £300 per policy

Excess Changes

We have increased the escape of water excess to a minimum of £300 for our Landlord Insurance, Unoccupied Property Insurance, and UK Holiday Home Insurance products. This is to bring the excess in line with the market. All other excesses for these product have stayed the same.

Broker Feedback Survey 2022

Having received invaluable responses from our last survey, we will soon be inviting you to provide us with your feedback again. Please keep an eye out for an email from us containing a link to our survey.

Rent Guarantee Insurance Leaflet for Brokers

Following the launch of our new Landlord Legal & Rent Guarantee product for residential landlords, we’ve put together a leaflet for you to share with customers. It states an outline of the product, including the different excess options, as well as a space to add your own contact details. Please drop us an email if you would like a copy – bdm@vasek.co.uk

More information about our Rent Guarantee Insurance is also available on our website: www.vasek.co.uk/rent-guarantee-insurance

Family Legal Expenses Insurance

As a reminder, we have a new Family Legal Expenses Insurance product. See our Product Guide to learn more: www.vasek.co.uk/product-guide

Resetting Your Password for Our Property Owners Quote Engine

If you have yet to migrate to our new Property Owners quote engine, we would like to remind you to reset your password to do so. Once this is done, the new quote engine will be available at login. Previously, we discovered the password reset email was going into many brokers’ spam/junk boxes. We have made a change our end to try and avoid this, but please do continue to check your spam/junk, just in case.

Obtaining a PDF Quote on Our Property Owners Quote Form

We have recently been asked about how to process a PDF for quotes on our new Property Owners quote engine. This can be done on the final page of the quote form by clicking the ‘quote as PDF’ button beneath the premium. You can watch our video walkthrough of the Property Owners quote engine to see an example:

Our Defaqto Star Ratings

We are pleased to announce that the following products have been awarded a 5 Star Defaqto rating for 2022:

These star ratings show the quality and comprehensiveness of the features and benefits of financial products. Defaqto’s experts independently research and analyse more than 43,000 financial products and funds ensuring their ratings are always relevant and up-to-date.

All the best,

Sam, Andy, Shauna and Mike.

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Vasek Insurance is a trading name of Arthur J. Gallagher Insurance Brokers Limited, which is authorised and regulated by the Financial Conduct Authority. Registered Office: Spectrum Building, 7th Floor, 55 Blythswood Street, Glasgow, G2 7AT. Registered in Scotland. Company Number: SC108909.