Personal lines distributor secures new A rated capacity from four insurers

Atec Group has secured new A rated capacity from four specialist insurers for its InsureMy range of motorhome products.

The capacity comes from Axa, Sabre, Allianz and KGM, all of which will join Atec’s panel.

Available on a UK-only or EU wide basis, Atec’s offering provides comprehensive cover for a range of risks associated with owning and using motor homes including theft, accidental damage, third party liability and legal assistance, as well as a range of optional covers such as breakdown and protected no claims.

The insurance distributor is targeting an initial 10,000 policies in the next 12 months, with the aim of doubling its market share in this niche line over the next decade.

’Much needed choice’

The new capacity comes after the Caravan and Motorhome Club revealed that leisure vehicle ownership could grow by 43% by 2030.

James O’Hara, commercial director at Atec, said: “InsureMy Motorhome gives owners the cover they need at a price that makes sense. 

”From classic vehicles to new luxury homes on wheels, with this new broad and secure panel we are bringing much need choice to the market for the wide range of motorhome owners – social, leisure and everyday users, as well as business-related requirements.

“Motorhome is an evolving market and we will be at the forefront of insurance provision thanks to our data-driven understanding of the needs of owners and extensive digital distribution capabilities.”