Legal & General partner with the Co-op Bank to offer a range of home insurance products
Legal & General (L&G) has announced a new partnership with The Co-operative Bank to offer a range of competitive home insurance products.
L&G is offering its household products Everyday Home Cover and Home Cover Extra, to Co-operative Bank customers through the bank’s website and also a dedicated telephone service.
Both products use L&G’s SmartQuote technology, which gives customers a quote in 90 seconds for buildings and/or contents cover, with no form-filling, using data and technology to underwrite the risk.
It is the first time L&G’s SmartQuote technology will be available as part of a partnership.
Cheryl Agius, CEO General Insurance for Legal & General, said: “We are delighted that we have secured this new partnership with The Co-operative Bank. Consumers are increasingly purchasing services on their phone and the retail sector is well advanced in the mobile market.
”Consumers want to buy insurance quickly and easily and our new SmartQuote technology allows customers to obtain a quote for the cover on their phone or direct in seconds. We look forward to working together with The Co-operative Bank to continue to evolve this customer-centric proposition now and for the future”.
Paul Norcott, head of Mortgages and Insurance at the Co- operative Bank, said: “We are pleased to be offering Legal & General’s SmartQuote general insurance products to our customers. This leading technology from an award-winning insurer is a great opportunity for our customers to get their home insurance policy quickly and easily.
“The Co-op Bank already works with Legal & General to introduce protection insurance policies to our customers via our website and also has a solution for lifetime mortgages in place, and we believe this latest venture will be as well received by our customers”.
It is the second home insurance partnership L&G has announced in two days, as it announced a similar deal with DAS UK yesterday.