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Exclusive: Legal and General introduces SmartQuote for intermediaries

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  • 25/03/2019
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Exclusive: Legal and General introduces SmartQuote for intermediaries
Legal and General has launched SmartQuote for Intermediaries, aimed at helping advisers obtain a quote for their customers’ home insurance needs.

 

Advisers who know their customers can get a buildings and contents insurance quote by answering just one question, which is whether their customer, or anyone living with them, has made any buildings or contents claims in the past five years.

Legal and General told Mortgage Solutions that it has partnered up with a number of third parties and the data these third parties hold, which is publicly available, combined with its own experience and data, gives Legal and General all the detail needed to underwrite the policy.

It also said that it is rolling SmartQuote out to current users of its GI Connect quote and apply platform over the coming weeks, but they need to be registered on this system to access it.

The company also revealed that SmartQuote “does not affect the customer’s ability to make a claim provided they can agree to the assumptions Legal and General has made.”

The software will also provide advisers with access to Legal and General’s latest product offerings Home Insurance Plus and Home Insurance, providing improved features, such as increased buildings and contents sums insured.

Simon Hird, director of broker and intermediary at Legal and General, General Insurance (pictured), said that SmartQuote is redefining the rules on how advisers and their customers get a quote for home insurance and challenging any lingering misconceptions about the quotation process.

He added: “Gone are the days of endless questions and the home insurance journey being considered a hassle or time-consuming.

“With research showing that one in four households has no contents cover, it is clear that customers are too often ignoring the importance of protecting their home.”

 

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