"We know that for some customers, their insurance needs can extend beyond their main home."
- Alex Cross - Tesco Insurance
Tesco Insurance has announced the expansion of its insurance offering with the launch of new holiday home and private landlord insurance.
The new products are designed for customers who own a second home for holiday purposes or privately rent out a property, and are provided by Tesco Insurance's existing partner Prestige Underwriting through its Open & Direct brand.
Customers will be able to access the products online or over the phone, with Prestige responsible for sales, servicing and claims.
"We know that for some customers, their insurance needs can extend beyond their main home, whether they own a holiday property or rent out another property," said Alex Cross, chief customer officer at Tesco Insurance.
"By expanding our relationship with Prestige Underwriting, we can give customers access to specialist insurance designed for these types of properties.
"We’re pleased to be increasing the range of insurance products available to Tesco customers and making it straightforward for them to access specialist cover when they need it."
Tim Baxter, business development and relationship director at Prestige Underwriting, added: "Holiday homeowners and private landlords are an important part of the property insurance market, with needs that require specialist understanding. Helping them access cover that reflects how their properties are used is central to this partnership.
"Building on our existing relationship, Tesco Insurance’s reach and established customer relationships will help us bring our specialist expertise to more people through Open & Direct.
"Together, we can help customers find cover suited to their needs, supporting Tesco’s ambition to make insurance more rewarding and become the insurer of choice for Tesco customers."
