Alps, a leading provider of insurance add-on policies, legal expenses, and claims solutions for intermediaries, has moved its Landlord Legal Expense book to AmTrust International, a division of AmTrust Financial Services, Inc., an A- rated global insurer, under a full delegated authority agreement.
Under the agreement, Alps will have a direct binder with AmTrust and will manage claims via its group law firm, Alps Legal. The move to AmTrust has enabled Alps to significantly improve policy wordings with value added enhancements based on its own extensive industry benchmarking and broker research. This includes:
- An extension of the breach of tenancy agreement to include anti-social behaviour
- £100 per day (up to a maximum of £1,000) for court attendance expenses
- A 45-day claim reporting window
- Pro-rata refunds for the cancellation of rent protection policies.
The landlord legal expenses policy provides cover for the entire UK, Channel Islands, and Isle of Man, with an indemnity limit of £50,000. Policyholders will have complete claims transparency and can track progress in real time, thanks to the Alps market leading portal.
Michelle O’Reilly, Operations Director at Alps commented: “Moving our Landlords Legal Expenses book to AmTrust not only gives us more control and oversight over our products, product value, claims, and distribution chain, but it ensures our brokers and policyholders have access to the same tech and service driven experience that our motor customers already enjoy. We constantly benchmark ourselves against our competitors as well as the expectations of brokers. Our aim is to deliver the ultimate in fair value and improved outcomes; with the backing of AmTrust we’ve been able to build both a differentiated policy and experience.
Alps offers a broad suite of motor related add-ons including excess protect, tools in transit, vehicle replacement and road rescue, as well as sole trader, commercial, legal expenses and property related add-ons. Its growing delegated authority capacity panel allows it to offer brokers a fast and efficient service.