Covéa Insurance launches new Commercial Vehicle product

Covéa Insurance announces that it has launched a new Commercial Vehicle product to a select panel of brokers.

The new motor product has been developed with a peril based rating structure to present a more competitive product offering.

Key features & benefits of the new product include;

• New vehicle replacement
• Audio & Satellite Navigation equipment cover
• Onward Travel / Overnight Expenses
• Replacement locks
• Courtesy van
• Up to 9 years no claims discount, with protection available for 4 years plus
• Accident recovery and approved repairer service, including 3 year guarantee for repairs
• Dedicated motor claims helpline operated 24 hours a day, 365 days a year

Sue Coffey, Head of Personal Lines Distribution commented;

“We are delighted to be offering this new competitive product. It complements our portfolio of motor products and is a great opportunity to work with brokers to build mutually profitable books of business. We are specifically looking to work with brokers who want to develop in this market.”

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About Covéa Insurance

Covea Insurance plc is the UK underwriting business of leading French mutual insurance group Covéa, who are number 1 for property and liability insurance in France and served 11.5 million policyholders, generating over 16.4 billion Euros in premiums in 2016.  

Covéa Insurance handles the insurance needs of 1.5 million policyholders; delivering financial reassurance through its Standard & Poor’s A+ stable rating, as a guaranteed subsidiary of Covéa. 

The company offers motor, household, protection, mid and high net worth insurance and a range of commercial insurance products, designed to meet the needs of most individuals and businesses. Employing over 1500 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and featuring in the 2015 and 2016 Sunday Times Top 100 Mid-sized Best Companies to Work For. It also has World Class service accreditation from the Institute of Customer Service for its Motor Claims, Home Claims and Underwriting Services teams as well as Chartered Insurer status for its Commercial and Mid/High Net Worth business.

In January 2016, Sterling Insurance Company Limited became a fully integrated part of Covea Insurance Plc, following a Part VII transfer under the Financial Services and Markets Act.