Significant Premium Saving from Existing Home Insurer:
Mr. J had been with the same broker for several years for home insurance, and the broker had not reviewed the market so the insurer had not changed during that time. As a member of Circle Sq., Mr. J was introduced to Towergate Private Clients and an Account Executive met him and his wife at their home. Updated information was collected to reflect his current needs and the Account Executive conducted a full review of the specialist Private Client market, resulting in a saving of £1,500 with an alternative specialist insurer who would provide comparable cover. Mr. J decided to move. In addition, the new insurer agreed to fund a free appraisal of Mr. J’s contents, which identified underinsurance of £45k, for which additional cover was agreed.
Upgrade in Policy Cover and Onerous Endorsements Removed:
Circle Sq. members, Mr. and Mrs. S, owned a family home in London and a holiday home in the country, each insured by a different insurers. At a meeting with the Towergate Private Client Account Executive, onerous endorsements that materially restricted cover were unearthed. The Account Executive carried out a market review and identified a reputable specialist insurer able to provide quality cover for both homes at an overall premium saving, and without the policy endorsements. The new insurer also offered to fund buildings reinstatement appraisals for both homes.
Quality of Claims Cover:
Mrs. W and her husband were Circle Sq. members and had recently moved their home insurance needs to Towergate Private Clients, insured with a high calibre specialist insurer. Not long afterwards, a considerable amount of cash went missing from Mrs. W’s home while a small works project was being undertaken. As there were no restrictive policy endorsements on security, the insurance policy covered the loss and promptly paid out the cash lost (minus the excess).