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PH Innovate launches new multi-cover product

PH Innovate launches new multi-cover product | Insurance Business

PH Innovate launches new multi-cover product

Specialist insurance group PH Innovate has launched Three Castles Cover – a new multi-cover product that the firm says will cover “everything from home insurance to pets and all things in between under a single umbrella.”

PH Innovate, which also owns specialist personal lines intermediary Quote Detective and insurtech firm NV Technology, said that the product went through 18 months of development before its launch.

Read more: Quote Detective is hiring, moves to larger premises

“Until now we have concentrated on offering single insurance policies through our existing business, Quote Detective for those customers who, for example, have difficulty in getting cover,” said David Harlow (pictured), managing director of PH Innovate. “Three Castles is something unique for us and is very exciting. People with more than one home, perhaps a main home, a holiday home and buy to lets, may also have numerous cars and pets. Through Three Castles we will be able to quote to cover all these under the one policy covered using all A-plus-rated insurance providers.”

Harlow believes that Three Castle’s distinct advantage is the firm’s ability to provide a brokered solution for a customer’s insurance needs.

“Three Castles is really for people with a bit more money who want the convenience of getting everything under one top-notch web-based insurance policy,” said Harlow. “Sure, there are other direct insurers who offer multi-cover – the likes of Admiral, LV=, Direct Line – but our plan is to offer a brokered solution which provides the choice of several high-quality products. Customers really like the idea of dealing with a single broker for all their insurance requirements – someone they know and who they can trust. We believe Three Castles is filling a niche in the market where customers are looking to deal with a single broker to cover all their disparate insurance needs.”