Scheme launched in partnership with Gallagher-owned Intasure

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Biba has launched a new holiday home scheme to add to its series of niche schemes for smaller members.

The scheme allows Biba members to offer their clients cover for properties in 44 countries.

The scheme will be run by Intasure, a trading name of Arthur J Gallagher-owned broker Blenheim Park. Intasure specialises in arranging cover for holiday homes.

As with other Biba schemes, the contract with Intasure is for three years, and there are no minimum volume requirements.

Cover under the scheme includes £5m of public liability and £1m of buildings cover as standard. Legal expenses cover is included at no extra charge. Cover is available for private second residences as well as those that are let out on a short- or long-term basis in the UK and overseas.

Cover for UK based holiday homes will be underwritten by RSA, while international cover will be underwritten by Lloyd’s of London syndicates.

Scheme business can be transacted using a bespoke online platform. The scheme also gives clients access to a UK-based claims scheme and English-speaking loss adjusters.

Intasure managing director Mark Morgan said: “With around 1.7 million Britons owning a second home, whether in the UK or overseas, demand for holiday home cover continues to be strong.

”And yet finding flexible and comprehensive protection for such valuable assets — particularly when properties are often unoccupied and especially when they are located overseas — can be problematic.

”Our ability to protect homes in 44 countries gives us an unmatched footprint and enables Biba brokers to provide their customers with much-needed peace of mind.”

He added: “We also place a strong emphasis on the customer journey — and our high levels of delegated authority enable us to respond and resolve problems promptly when they arise, with 90% of claims handled in-house through our UK-based support team.”

Biba head of technical services Mike Hallam added: “We are pleased to offer this scheme along with its exclusive benefits to members and its wide footprint of countries that it covers. This should satisfy all member needs in this niche market sector.”

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