Revolutionizing Home and Landlord Insurance: Virgin Money's Innovative Partnership with Uinsure

In a strategic move to enhance its insurance offerings, Virgin Money has announced the launch of new home and landlord insurance products in collaboration with leading insurtech firm, Uinsure. This partnership aims to provide customers with a seamless, efficient, and cost-effective insurance experience, leveraging Uinsure's cutting-edge technology and Virgin Money's trusted brand.

Simplifying Insurance with Unparalleled Convenience and Transparency

Streamlined Quote Process: A Game-Changer for Customers

Virgin Money's new home insurance product boasts a market-leading quote journey, allowing customers to receive a personalized quote in as little as 30 seconds. By answering a short set of questions, including their name, date of birth, and postcode, customers can effortlessly obtain a 5 Star Defaqto rated insurance quote, eliminating the hassle and complexity often associated with traditional insurance applications.This streamlined process not only saves customers valuable time but also ensures they receive tailored coverage that meets their unique needs. Whether they are homeowners or landlords, the insurance offering is designed to provide comprehensive protection, catering to the specific requirements of each customer segment.

Competitive Pricing and Automatic Re-broking: Ensuring Long-Term Savings

Through its partnership with Uinsure, Virgin Money can leverage the insurer's panel of providers to offer a common product at competitive prices, without compromising on quality. The proposition includes a commitment to maintaining low prices year after year, with an automatic re-broking feature at renewal. This innovative approach empowers customers to enjoy consistent savings, eliminating the need to constantly shop around for the best deal.

Transparent Fee Structure: No Hidden Costs

Recognizing the importance of transparency, Virgin Money's home insurance product features a straightforward fee structure. Customers will not incur any fees if they choose to cancel their policy or make a mid-term adjustment, ensuring a hassle-free and cost-effective experience.

Comprehensive Coverage: Protecting Homes and Investments

The new home insurance offering from Virgin Money provides robust coverage, with £1 million in building cover and £75,000 in contents cover as standard. This generous level of protection ensures that customers are adequately insured, giving them peace of mind and financial security in the event of unexpected incidents or damages.

Seamless Customer Experience: Multichannel Accessibility

The home insurance product is available for purchase online, catering to the growing preference for digital interactions. Additionally, customers who prefer traditional methods can opt to take out a policy by telephone, ensuring accessibility for those without online access. The proposition also offers a variety of communication channels for renewals, including online, email, post, and telephone, providing customers with the flexibility to manage their insurance needs in the way that suits them best.

Uinsure's Innovative Technology: Powering the Partnership

Uinsure's cutting-edge technology is at the heart of this partnership, enabling a seamless and user-centric insurance journey for Virgin Money customers. The insurtech firm's innovative approach, which prioritizes the needs of the customer, aligns perfectly with Virgin Money's commitment to simplicity, quality, and transparency."Our technology is built solely around the user – meaning customers can enjoy an insurance journey that's free of the complexities they might previously have struggled with," said Martin Schulthiess, Uinsure Group Managing Director. "The Virgin brand is one of the most recognized globally, with a long history of pushing boundaries and innovating for the benefit of its customers. That way of thinking very much mirrors our own way of working, and we're extremely excited to commence our partnership with Virgin Money."

A Powerful Collaboration: Delivering Unparalleled Value to Customers

The partnership between Virgin Money and Uinsure represents a significant step forward in the insurance industry, combining the strengths of a trusted financial institution and a leading insurtech innovator. By leveraging Uinsure's technology and Virgin Money's customer-centric approach, this collaboration aims to redefine the home and landlord insurance experience, offering customers a level of simplicity, quality, and transparency that has not been widely available in the market."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," said Graeme Sands, Head of Personal Banking at Virgin Money. "In collaboration with Uinsure, who will administer our home insurance product, we provide customers with simplicity, quality, and transparency."This strategic partnership marks a new era in the insurance landscape, where technology-driven solutions and customer-centric values converge to deliver a truly transformative insurance experience. As Virgin Money and Uinsure continue to push the boundaries of innovation, customers can look forward to a future where insurance becomes more accessible, efficient, and tailored to their unique needs.