The Source has added Modus the independently owned MGA who is backed by a number of Lloyds underwriters.
Operating under the brand name of Novus Plus on the Source panel, the Modus product will further extend Source’ non-standard footprint, something that is becoming increasingly important in today’s highly competitive market.
The Novus Plus product is designed to cover an extremely wide range of properties, property usages, and policyholders.
These include:
Homes with up to six bedrooms, properties undergoing extensive renovation and construction work up to £250,000 in value. Non-standard construction, listed or protected buildings, underpinned properties as well as holiday and weekend homes,
Policyholders with business use at home, unoccupied properties, policyholders with previous bankruptcy, IVAs or CCJs and policyholders with previous convictions or previous claims.
Kevin Paterson, MD of Source insurance said, “We are committed to offering the largest range of non-standard online products to further complement our large panel of competitive household and landlord products and as such Modus is a great fit, not only does the product offer real value for money cover across a wide range of diverse risks but the team at Modus are experienced in e-trading with a fresh and innovative approach."
Take a look at what The Source can offer you in 2016 - CLICK HERE
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