MCE Review; Low-cost leaner driver cover

Leaner Driver

Product: Provisional Marmalade

Provisional Marmalade is an insurance policy in the name of a leaner driver to cover them while driving a family or nominated car under supervision.

It is an alternative for parents who have traditionally added their children to their existing insurance policy at an annual cost often in excess of £2,000, as well as a solution to those whose insurance companies have refused to add drivers under the age of 21.

Product Review by Mark Etheridge, Technical Broking Manager, MCE Insurance

Excellent, innovative insurance solution which provides capacity and a solution for provisional drivers and brokers in what will be a difficult underwriting year.

The monthly premiums are manageable, while the short period contracts and a simple renewal procedure is appealing to both provisional drivers and parents, particularly as comprehensive cover is standard with a low excess. At policy inception Provisional Marmalade have clearly understood the customer journey well, with clear documents and statement of fact proposal forms.

Policies are underwritten by Chaucer Insurance and uses the full Chaucer policy wording. By having Chaucer involved referral brokers can be sure they are recommending quality insurance and can be confident treating customers fairy guidelines are adhered to.

If brokers use Provisional Marmalade as a web affiliate scheme the set up and operation is very easy and straight forward, in this scenario the commission works well. The product will really come into its own if the selling broker has regular sales communication with target customers, whether that is the parent or the provisional driver.

Broker set up costs are minimal, and as Provisional Marmalade can make your website and clients work harder by producing additional income the product is serious option for the switched on broker.

Product Rating; ***** (excellent)

For more detail visit:
www.provisionalmarmalade.co.uk
www.broking.co.uk
www.clubmce.com