What’s block insurance?
A block insurance scheme makes it easy to cover your clients instantly at pre-agreed terms without having to obtain separate quotes for each individual property. It’s perfect if you require the same policy on a substantial number of property transactions every week. Better yet, depending on how many transactions you intend to cover with the scheme, the premiums can be significantly discounted!
What does our new service do?
Once a scheme has been set up, you and your conveyancing teams will have everything you need to put a property on cover immediately. As the terms have been agreed in advance, and provided the case meets all the scheme’s criteria, all you need to do is upload your clients’ property details online, either individually, in batches, or all at once.
Our intelligent upload system will alert you if a property has already been added to the scheme, preventing duplicate entries. It can also highlight errors, such as missing information.
Once a property has been uploaded to your scheme, you’ll be able to generate a bespoke policy document for your client straightaway. This includes a policy schedule and full wording which is personalised for that property.
Straightforward payment
Another great benefit of our new service is that you don’t have to make individual payments for each property you upload. Instead, each property will be added to a Live Statement, which is finalised once a month. We’ll then send out a single invoice for all the properties added to your block insurance scheme, and your firm can make one straightforward payment for all of them.
And, of course, the full details of the scheme, including a copy of the generic policy wording, are available to review online at any time.
Making it quick and easy
We offer block insurance schemes for policies such as Chancel Repair, Contaminated Land, Japanese Knotweed, No Search (lender), and many more. To find out more, or to book a demonstration, contact us on 01603 761515 or email enquiries@isisconveyancing.co.uk.