Paymentshield cut Home Insurance pricing to help energise your business

To help energise your business, Paymentshield have drastically cut their pricing for remortgage, product transfer and equity release clients and are now offering these clients an average 22% discount on their Defaqto 5 Star Rated Home Insurance.* The approach is designed to enable advisers to accelerate a steady and recurring income stream even while COVID-19 continues to impact home moves and new mortgage transactions.

Paymentshield research shows nearly half of advisers (47%) admit to missing opportunities to sell general insurance. When it comes to remortgage and product transfer clients this is because of renewal dates not matching, cancellation fees, or simply because clients perceive their existing policy to be meeting their needs. So this discount, combined with Paymentshield’s 3-month payment holiday option, which allows clients to take 3 months at the start of their policy, with the annual cost (including credit) spread across the remaining 9 months and their Defaqto compare tool to back up your recommendation, presents a real opportunity for advisers to engage your remortgage, product transfer and equity release clients in a conversation about their GI needs.

When discussing the benefits of a Paymentshield policy compared to your client’s existing policy Paymentshield’s Defaqto compare tool can really help to highlight the value of your advice.

Paymentshield have also pulled together some of their best and most useful tips for making the most of the GI opportunitiy when speaking to your remortgage and product transfer clients. The 7 Steps to Supercharge your Remortgage GI Sales eBook focuses on the remortgage market and provides you with seven steps to take to help with the quotation process and ultimately winning you client’s the business.

*The pricing discount is available to remortgage, product transfer and equity release clients who have completed within 90 days of the policy start date. Clients should be new Paymentshield customers who have not held another Paymentshield Home Insurance policy in the last 3 months. The discount is not available to clients of purchase mortgages and Paymentshield reserves the right to withdraw the discount where it is being applied to purchase mortgage or existing Paymentshield clients. For further information from Paymentshield on this offer and other information and support available please visit https://www.paymentshieldadvisers.co.uk/energised-pricing