Pen Evolve
Available on TGSL
If you have any questions about our product, what's covered, limits, in fact, anything at all, get in touch
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We are delighted that our insurer hosted pricing (IHP) non-standard household product “Pen Evolve” is now available for Pen brokers to trade on TGSL
Pen Evolve is ONE product supported by FOUR separate policy wordings called Your Home, Holiday & Second Homes, Landlord and Unoccupied. Depending on the software house, Unoccupied may support up to 3 levels of cover Bronze, Silver or Gold.
The occupancy status determines which wording is applicable (please refer to the endorsements on the quote for details) and the policy wording is interchangeable midterm – so there is no need to cancel and replace cover. Simply update the occupancy status and Pen Evolve will confirm if cover can continue.
As part of the quotation process we will automatically enrich the quote with third party data, such as the rebuilding cost and a credit search. This enables Pen to provide our most competitive premium and helps reduce the risk of underinsurance.
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Who Qualifies?
Pen Evolve is a non-standard household product, and we can considering quoting for risks that many e-traded systems typically decline.
Examples include:
- homes with past subsidence
- grade 2 listed properties
- non-clerical business use
- non-standard wall and roof constructions (but not thatch)
- 100% flat roof
- customers with adverse financial history
- criminal convictions
- building works up to £75,000.
Many of these risk features will auto rate, giving you an instant decision on the price, terms and the policy wording available.
If a referral is needed our in house underwriters are at the end of the phone making it quick and flexible to trade with Pen.
What's covered?
Pen Evolve is a 12 month policy suitable for homes in England, Wales, Scotland and Isle of Man
Cover is available for buildings only, contents only or buildings and contents.
Buildings will always be £1,000,000 as the policy is blanket based and this includes up to £50,000 for outbuildings (limited to £25,000 per outbuilding)
If available cover for specified valuables, personal possessions and pedal cycles are in addition to the contents sum insured
Contents is also blanket based and the sum insured and cover available is dependent on the occupancy status:
- Your Home = £75,000
- Holiday & Second Home = £40,000
- Landlord = £25,000
- Unoccupied = £25,000
Pen Evolve is not full cycle EDI, broker led renewals are supported by some software houses.
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