Bespoke policy for ‘white van man’
Covéa Insurance is re-launching its Commercial Vehicle (CV) product designed for tradespeople driving vans.
The new product, branded ‘Your Van’, has enhanced policy features and increased cover limits as well as a refreshed and simplified policy wording. The company’s aim is to create an appealing and competitive proposition for brokers that meets the needs of today’s commercial vehicle drivers.
The launch also coincides with the company’s decision to widen availability of its CV product. Boosted by its strong performance, and an upgraded product proposition, Covéa Insurance believes conditions are now ideal for extending the availability of its CV product to an increased number of brokers. As a result, the company will be implementing a phased broker distribution in the coming months.
Sue Coffey, director of personal lines distribution and underwriting, said, ‘Contrary to what many people may say about the ‘white van man’ our experience shows that commercial vehicle is a motor insurance market with a solid performance. In terms of strategic fit, our refreshed commercial vehicle product complements our private car and small business products, offering plenty of scope for cross-selling, especially with the product enhancements we’ve made.’