Quick turnaround replacement for Gefion Motor Fleet policy
Century are called upon to assist Broker in replacing a customers Gefion Motor Fleet policy, after the insurer went into liquidation.
As Gefion’s Insurance license was withdrawn and the insurance provider fell into liquidation, existing policyholders were no longer able to make mid-term adjustments or rely on their policy being renewed. With Motor Fleets often being updated with new vehicles and frequent changes required to policies, this posed an immediate problem for many policyholders.
The restrictions quickly impacted a Century Broker’s customer after they looked to change the vehicles on their policy and were unable to. With an established TOBA in place, the broker immediately turned to Century to help. Knowing Century’s specialism in Motor Fleet, the broker required a quick response to the risk to ensure continued protection for their client and enable them to continue to use their fleet of vehicles.
Working closely with the broker and receiving an accurate picture of the insured’s history and requirements, Century were able to underwrite the risk, from presentation to issued cover, in under 1hr. Furthermore, Century worked hard to ensure the new policy premium matched the customers expectations to ensure a painless transfer from the incumbent provider, whilst providing added value including Century’s 50% reduction in damage excess clause.
If you need help replacing a Gefion Motor Fleet policy or would like to find out more about our comprehensive Motor Fleet insurance offering , please contact Ian White – 01245 905 104 / email@example.com – who will be happy to help.