More Than this week launched a revolutionary home insurance policy based on customer feedback.
More Than has simplified its contents insurance into two categories: cover for all contents in the home (including garden and outbuildings), and cover for all contents away from home for up to 60 days.
All small print has been eliminated because of customer complaints about limits, exclusions, add-ons and clauses.
Because the policies are so easy to understand, they reduce the risk of under insurance or over-lapping cover – for example between contents insurance and travel cover.
More Than believes its new policies will “shake up the home insurance market”.
More Than’s head of home insurance, Kevin Maxwell, said: “Our new home insurance is a great example of how we always seek to do more for our customers.
With it we have sought to simplify cover and reassure customers by helping them better understand their protection.”
Recent research by Zurich and LV= found that many people are cutting back on insurance cover to save money during the recession.
Finance Markets UK