nice 1 portrait format presenter november 2015

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Prepared By

The Business Development Team

Nice 1 Ltd

An Introductory

Overview

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CONTENTS

Who are Nice 1 ……………………………………….......... Page 3

Insurance & Affinity Partners ……………………………………….......... Page 4

Insurance Brokers 500+ Active ……………………………………….......... Page 5

www.nice-1.co.uk ……………………………………….......... Page 6

MOTOR PRODUCTS ……………………………………….......... Page 7

EXCESS PROTECTION ……………………………………….......... Page 8

LIFESTYLE PRODUCTS ……………………………………….......... Page 9

RTI / Finance Combination Gap ……………………………………….......... Page 10

CV Finance Gap up to 44t ……………………………………….......... Page 11

RTI Taxi Gap ……………………………………….......... Page 12

GAP RATING ……………………………………….......... Page 13

Replacement Vehicle ……………………………………….......... Pages 14 – 15

Toolguard ……………………………………….......... Pages 16 – 17

PRODUCTS PENDING ……………………………………….......... Page 18

CONTACT PAGE ……………………………………….......... Page 19

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Who are Nice 1?

Formed in 2007, by Steve Bennett a former police officer and Carl Brandrick, a

successful entrepreneurial businessman, the Nice 1 objective is to provide our

agents and their customers with a genuine choice of quality, innovative, affordable

insurance solutions, backed up by first class customer service at all times.

Nice 1 is a young, dynamic company that enjoys continued success in the

increasingly competitive and specialist insurance products marketplace.

The continued growth and success of Nice 1 proves that this objective hasn't only

been met, it has been exceeded in impressive fashion, reflected by the continuing

support of 500+ UK insurance and automotive distribution network partners.

Nice 1 Limited is authorised and regulated by the Financial Conduct Authority. FCA

Reference Number (FRN) is 650309.

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Insurance & Affinity Partners

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Insurance Brokers 500+ Active

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THREE PRODUCT RANGES

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MOTOR PRODUCTS

• RTI/FINANCE Combination GAP

• CV Finance GAP

• RTI Taxi GAP

• Misfuel

• Theft Protect

• Replacement Vehicle

• Toolguard

• Personal Accident & Death Benefit

• Key Protect

• Licence Assist

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EXCESS PROTECTION • Buildings & Contents

• Business Car

• Caravan & Motorhome

• Car Hire Excess Protect

• Commercial Combined

• Commercial Vehicle

• Driving Instructor

• Fleet & Commercial Vehicle Combined (5 to 20 vehicle)

• Fleet (singly 1 to 4 vehicle)

• Lifestyle (2,3 & 5 Star)

• Minibus

• Motor Trader

• Motorcycle

• Multi Vehicle (Family Fleet)

• Private Motor

• Taxi

• Tradesman Liability

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LIFESTYLE PRODUCTS • Bicycle Protect

• Handbag & Briefcase Protect

• Gadget

• Domestic Home Emergency

• Landlord Home Emergency

• Single Appliance

• Multi Appliance

• Landlord Multi Appliance

• Family Professional / Legal Protection

• Commercial Legal Protection

• Landlord Legal Protection

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RTI / Finance Combination Gap In the event of your car being stolen and not

recovered or in an accident and declared a

total loss, very few customers will receive

from their motor insurer the amount they

originally paid for the car, or the finance

outstanding and this may mean they have to

buy a lower spec vehicle or struggle to

replace this vehicle at all.

GAP Insurance provides valuable benefits for

the majority of customers who purchase a

new or used vehicle.

If a Total Loss of the insured Vehicle occurs

within the Territorial Limits during the Period of

Insurance, We will pay the difference

between the Insured Value (The amount that

You receive under Your Motor Insurance

Policy in respect of Your Vehicle being a

Total Loss) and either the purchase price of

the insured Vehicle as confirmed by the Net

Invoice Selling Price or the amount of Your

Early Settlement Finance Figure, whichever is

the greater.

Eligibility Requirements

You are eligible for cover under this policy

provided:

1. You purchase this policy within 180 days of

taking ownership of the Vehicle from a VAT

Registered Dealership or Internet Broker.

2. The Net Invoice Selling Price does not

exceed £150,000 (one hundred and fifty

thousand pounds);

3. The Vehicle is listed in Glass’s Guide and is

less than 8 years old, and has covered less

than 80,000, on the day that You purchase

Your policy;

4. The Vehicle is not specifically excluded

under the terms and condition of this policy.

Policy Transfer

If You sell Your Vehicle, provided that no

claim has been made under this Insurance,

You may transfer the remaining cover to the

eligible Replacement Vehicle, subject to Our

agreement. Where the Purchase Price of the

replacement Vehicle is greater than the

original Vehicle Purchase Price, an additional

premium may be required.

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CV Finance Gap up to 44t

This Commercial Finance GAP Insurance is

arranged by Nice 1 Limited.

If a Total Loss of the insured Vehicle occurs

within the Territorial Limits during the Period

of Insurance, We will pay the difference

between the Insured Value (The amount

that You receive under Your Motor

Insurance Policy in respect of Your Vehicle

being a Total Loss) and the amount of Your

Early Settlement Figure.

The maximum amount We will pay in

respect of any one claim will not exceed

the Limit of Liability as shown in Your Policy

Schedule.

If You accept an offer of settlement from

Your Motor Insurer of less than the current

Market Value of the Vehicle, We reserve the

right to contact the Motor Insurer in Your

name to assess the offer of settlement and

where necessary seek settlement in-line with

the Market Value at the time of the incident

that lead to Your Vehicle being declared a

Total Loss.



provided:



Registered Dealership.

2. The Net Invoice Selling Price of the Vehicle

does not exceed £100,000 (one hundred

thousand pounds);




Your policy;

4. The Vehicle is a Heavy Goods Vehicle

(HGV) tractor unit or a rigid lorry weighing

between 3.5 tonnes and 44 tonnes. Please

note trailer units are not covered by this

policy.

5. The Vehicle is not specifically excluded


Claim benefits (subject to policy chosen)

• Between £10,000 and £15,000 for vans

& trucks 3.5 to 7.5t up to £60,000

vehicle value

• Between £15,000 to £20,000 for Trucks

7.5 to 44t up to £100,00 vehicle value

• Available in 36, 48 & 60 month policies.

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RTI Taxi Gap

In the unfortunate event of your car being stolen and

not recovered or in an accident and declared a total

loss, very few customers will receive back from their

motor insurer the amount they originally paid you for

the car, and this may mean they have to buy a lower

spec vehicle or struggle to replace this vehicle at all.

This Return to Invoice GAP Insurance is arranged by

Nice 1 Limited.

Nice 1 offers a comprehensive range of GAP products

to cover the shortfall between the current market

value of the vehicle and the original invoice price of

the car.



provided:



Registered Dealership or Internet Broker.

2. The Net Invoice Selling Price does not

exceed £50,000 (fifty thousand pounds);




Your policy;

4.The Vehicle is not specifically excluded


RTI / Taxi GAP

• RTI (Return To Invoice) Covers the

difference between the original

invoice price and current market

value.

• Available in 12, 24, & 36 month

policies.

• Vehicles up to £50,000 value

• Claim benefits* (*subject to policy

chosen) between £5,000 and

£10,000

• Policy covers family saloons & MPV’s

• Policy Transfer : If You sell Your

Vehicle, provided that no claim has

been made, you may transfer the

cover to the eligible Replacement

Vehicle, subject to our agreement.

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TERM

YearsVEHICLE BANDING BENEFIT Broker Net

Broker

Commission

RRP Ex

IPTGross RRP

2 0-25k 20K £85.00 £65.00 £150.00 £164.25

2 25-50k 25k £112.74 £75.00 £187.74 £205.57

2 50-75k 25k £159.91 £75.00 £234.91 £257.22

2 75-100k 25k £216.51 £75.00 £291.51 £319.20

2 100-150k 25k £235.38 £75.00 £310.38 £339.86

3 0-25k 20K £131.60 £75.00 £206.60 £226.23

3 25-50k 25k £159.91 £75.00 £234.91 £257.22

3 50-75k 25k £207.08 £75.00 £282.08 £308.87

3 75-100k 25k £235.38 £75.00 £310.38 £339.86

3 100-150k 25k £254.25 £75.00 £329.25 £360.52

4 0-25k 20K £159.91 £75.00 £234.91 £257.22

4 25-50k 25k £193.87 £75.00 £268.87 £294.41

4 50-75k 25k £235.38 £75.00 £310.38 £339.86

4 75-100k 25k £291.98 £75.00 £366.98 £401.84

4 100-150k 25k £310.85 £75.00 £385.85 £422.50

5 0-25k 20K £188.21 £75.00 £263.21 £288.21

5 25-50k 25k £241.04 £75.00 £316.04 £346.06

5 50-75k 25k £282.55 £75.00 £357.55 £391.51

5 75-100k 25k £320.28 £75.00 £395.28 £432.83

5 100-150k 25k £339.15 £75.00 £414.15 £453.50

Summary of Main Cover Points:

�� Includes £250 XS cover

�� Settled at RTI basis from day 1-180 (or O/S balance, whichever is greater)

�� Transferrable to replacement vehicle

�� Pro-rata refunds (£35 insurer retention fee)

�� 90 Days cover in European Union (subject to main policy cover being unaffected)

TERM

YearsVEHICLE BANDING BENEFIT Broker Net

Broker

Commission

RRP Ex

IPTGross RRP

1 0-10K £5k £93.87 £75.00 £168.87 £184.91

1 10-25K £10k £112.74 £75.00 £187.74 £205.58

1 25K-50K £10k £131.60 £75.00 £206.60 £226.23

2 0-10K £5k £131.60 £75.00 £206.60 £226.23

2 10-25K £10k £150.47 £75.00 £225.47 £246.89

2 25K-50K £10k £159.91 £75.00 £234.91 £257.22

3 0-10K £5k £159.91 £75.00 £234.91 £257.23

3 10-25K £10k £169.34 £75.00 £244.34 £267.55

3 25K-50K £10k £188.21 £75.00 £263.21 £288.21

Quote is based upon the assumption of vehicles being used are family saloons & MPV's

RTI to 180 days from date of purchase

Rates include £250 XS cover

TERM VEHICLE BANDING BENEFIT Broker NetBroker

Commission

RRP Ex

IPTGross RRP

3 Year £0 - £30,000 £10k £188.21 £75.00 £263.21 £288.21

4 Year £0 - £30,000 £10k £197.64 £75.00 £272.64 £298.54

5 Year £0 - £30,000 £10k £244.81 £75.00 £319.81 £350.19

3 Year £30,000-£60,000 £15k £207.08 £75.00 £282.08 £308.88

4 Year £30,000-£60,000 £15k £254.25 £75.00 £329.25 £360.53

5 Year £30,000-£60,000 £15k £263.68 £75.00 £338.68 £370.85

3 Year £0 - £50,000 £15k £301.42 £75.00 £376.42 £412.18

4 Year £0 - £50,000 £15k £310.85 £75.00 £385.85 £422.51

5 Year £0 - £50,000 £15k £405.19 £75.00 £480.19 £525.81

3 Year £50,000-£100,000 £20k £320.28 £75.00 £395.28 £432.83

4 Year £50,000-£100,000 £20k £414.62 £75.00 £489.62 £536.13

5 Year £50,000-£100,000 £20k £424.06 £75.00 £499.06 £546.47

COMBINED RTI/FINANCE GAP POLICY

TAXI RTI GAP POLICY

FINANCE COMMERCIAL VEHICLE GAP (3.5 - 44T)

Vans & Trucks 3.5T - 7.5T Trucks 7.5t - 44t

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Replacement Vehicle

What is Replacement Vehicle?

In response to customer observations that

insurer courtesy vehicle programs are not

always able to provide a suitable

replacement vehicle, Nice 1 created

Replacement Vehicle Insurance.

Subject to the customers’ own insurance

policy being unable to provide a suitable

vehicle under the courtesy vehicle program,

this policy will provide a vehicle for a

selected period (3,7,14, 21 or 28 days).

In the event of insurer program failing to

provide Nice 1 will:

• Arrange for vehicle to be referred to

nearest alternative approved repairer

with courtesy vehicle available or

• Arrange the supply of a replacement

vehicle through its national rental

network

When Will A Vehicle Be Provided?

We will arrange and pay for a hire vehicle if

your vehicle is:

• stolen

or is made undriveable following

• attempted theft

• damage by fire,

• vandalism

• vehicle interference

• following an accident where your

vehicle is a total loss or repairable* as

decided by your motor insurers,

vehicle repairer or motor engineer, or

if your vehicle is declared a total loss

by your motor insurer following any of

these events.

*Subject to your insurer being unable to

supply a suitable vehicle under any courtesy

vehicle

Program.

Significant exclusions or limitations

• Any vehicle hire costs incurred

before we have accepted a claim.

• We will only pay vehicle hire costs up

to the limit specified and for the

vehicle group selected in the

Certificate of Insurance.

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Hire

Vehicle

Hire

Days

Default

Broker

Net

Broker

Commission

RRP ex

IPT £

RRP inc IPT

£

A 3 £5.11 £7.67 £12.78 £13.99

A 7 £10.59 £5.30 £15.89 £17.40

A 14 £21.18 £10.59 £31.77 £34.79

A 14 £29.00 £7.79 £36.79 £40.29

A 21 £30.77 £15.39 £46.16 £50.55

A 28 £40.36 £17.18 £57.54 £63.01

B 3 £5.23 £7.85 £13.08 £14.32

B 7 £10.87 £5.44 £16.31 £17.86

B 14 £21.74 £10.87 £32.61 £35.71

B 21 £31.61 £15.81 £47.42 £51.92

B 28 £41.48 £20.74 £62.22 £68.13

C 3 £5.66 £8.49 £14.15 £15.49

C 7 £11.87 £5.94 £17.81 £19.50

C 14 £23.74 £11.87 £35.61 £38.99

C 21 £34.61 £17.31 £51.92 £56.85

C 28 £45.48 £22.74 £68.22 £74.70

D 3 £5.98 £8.97 £14.95 £16.37

D 7 £12.62 £6.31 £18.93 £20.73

D 14 £25.24 £12.62 £37.86 £41.46

D 21 £36.86 £18.43 £55.29 £60.54

D 28 £48.48 £24.24 £72.72 £79.63

4x4S 3 £8.43 £12.65 £21.08 £23.08

4x4S 7 £18.34 £9.17 £27.51 £30.12

4x4S 14 £36.68 £18.34 £55.02 £60.25

4x4S 21 £54.02 £27.01 £81.03 £88.73

4x4S 28 £71.36 £35.68 £107.04 £117.21

4x4L 3 £10.02 £15.02 £25.04 £27.42

4x4L 7 £22.04 £11.02 £33.06 £36.20

4x4L 14 £44.08 £22.04 £66.12 £72.40

4x4L 21 £65.12 £32.56 £97.68 £106.96

4x4L 28 £86.16 £43.18 £129.34 £141.63

Hire

Vehicle

Hire

Days

Default

Broker

Net

Broker

Commission

RRP ex

IPT £

RRP inc IPT

£

MPVS 3 £6.97 £10.47 £17.44 £19.10

MPVS 7 £14.94 £7.47 £22.41 £24.54

MPVS 14 £29.88 £14.94 £44.82 £49.08

MPVS 21 £43.82 £21.91 £65.73 £71.97

MPVS 28 £57.76 £28.88 £86.64 £94.87

MPV 3 £7.19 £10.78 £17.97 £19.68

MPV 7 £15.44 £7.72 £23.16 £25.36

MPV 14 £30.88 £15.44 £46.32 £50.72

MPV 21 £45.32 £22.66 £67.98 £74.44

MPV 28 £59.76 £29.88 £89.64 £98.16

PCS 3 £9.07 £13.62 £22.69 £24.85

PCS 7 £19.84 £9.92 £29.76 £32.59

PCS 14 £39.68 £19.84 £59.52 £65.17

PCS 21 £58.52 £29.26 £87.78 £96.12

PCS 28 £77.36 £38.68 £116.04 £127.06

PCL 3 £9.87 £14.80 £24.67 £27.01

PCL 7 £21.69 £10.85 £32.54 £35.63

PCL 14 £43.38 £21.69 £65.07 £71.25

PCL 21 £64.07 £32.04 £96.11 £105.24

PCL 28 £84.76 £42.38 £127.14 £139.22

CV1 3 £5.82 £8.72 £14.54 £15.92

CV1 7 £12.24 £6.12 £18.36 £20.10

CV1 14 £24.48 £12.24 £36.72 £40.21

CV1 21 £35.72 £17.86 £53.58 £58.67

CV1 28 £46.96 £23.48 £70.44 £77.13

CV2 3 £6.40 £9.59 £15.99 £17.51

CV2 7 £13.59 £6.80 £20.39 £22.33

CV2 14 £27.18 £13.59 £40.77 £44.64

CV2 21 £39.77 £19.89 £59.66 £65.33

CV2 28 £52.36 £25.98 £78.34 £85.78

CV3 3 £6.55 £9.81 £16.36 £17.91

CV3 7 £13.94 £6.97 £20.91 £22.90

CV3 14 £27.88 £13.94 £41.82 £45.79

CV3 21 £40.82 £20.41 £61.23 £67.05

CV3 28 £53.76 £26.88 £80.64 £88.30

Replacement Vehicle Rates

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What is Supercover Toolguard?

Trades people rely on their tools to carry on their

business. All too frequently, insurance for tools

when in vehicles contains restrictions where the

policy will only pay claims when vehicles are

locked in a garage or secure compound.

Tools protect provides a tools in van insurance

policy that protects the insured from having to

find the money to replace tools should they find

themselves in the unfortunate position that they

are unable to work, due to the theft of tools from

their van or the tools are damaged as a result of

an accident involving the van.

SIGNIFICANT FEATURES & BENEFITS

• If your tools in transit are destroyed,

damaged or stolen whilst in your vehicle

we will replace them.

• If your tools in transit are destroyed,

damaged or stolen during loading or

unloading we will replace them.

• This cover is limited to a maximum of 2

claims in any 12 month period

• £500, £1,000, £2,500 £5,000, £7,500 or

£10,000 cover levels (subject to

premium paid) in the event that

property belonging to you or for which

you are responsible is lost, destroyed or

damaged whilst being loaded upon,

carried by, temporarily housed upon or

being unloaded from your vehicle.

The policy does not cover:

• Sheets, ropes, packing materials, securing

chains or toggles, property warehoused for

a rental or under contract for storage or

distribution, money, securities, jewellery,

watches, furs, cameras, radios, televisions,

record players, cassette players or video or

electrical equipment.

• Goods carried for hire or reward.

• Damage caused by inadequate packing.

• The first £100 of each claim

• Theft from any unattended motor vehicle

unless the tools in transit have been

concealed in a locked boot or cargo hold

or other locked internal compartment and

all the vehicle windows and doors have

been securely locked and fastened and

the keys removed and unattached trailers

have had anti-hitching devices put into

operation.

• Loss or damage for anything other than

your portable tools

• Theft from any unattended motor vehicle

that occurs overnight (10pm – 6am) unless

the vehicle is:

i. parked in an area secured by a

locked gate or a locked garage

ii. ii. parked on your driveway

iii. If these conditions cannot be met

then you must park your motor

vehicle in a well-lit area, on the

same street as your private home,

and the motor vehicle must be

visible form your private home.

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Toolguard Rates

ProductTerm

(Months)

Default

Broker Net

Broker

Commission

RRP ex

IPT £

RRP Inc

IPT £

Tool Guard Supercover £500 12 £23.00 £10.95 £33.95 £37.18

Tool Guard Supercover £1,000 12 £29.00 £11.56 £40.56 £44.41





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PRODUCTS PENDING • Total Loss Protect

• GAP PLUS – Includes a replacement vehicle

• Breakdown Car / Van / Taxi

• Gadget / Bag Combination

• Gadget / Tools Combination

• Landlord suite – Rent Guarantee, Legal, B & C etc

• Commercial Suite

• Cyber Liability

• Professional Indemnity

• Travel

• Employment ET3 Legal

• Holiday Home Legal

• Helmets & Leathers

• Scratch, dent & alloy cover

• MOT Failure Cover

• Tyre Cover

• Uninsured Third Party Protection

• Windscreen & Glass

• Flood Excess Protect

• Commercial Property Owners LEI

• Home Buyers Protection

• I.D. Theft Protection

• Motor Legal Expenses

• Tradesman Professional Indemnity

• Taxi Legal Expenses

• Tax Fee Protection

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CONTACT PAGE

Steve Bennett Jim Hunter

Head of Business Development Business Development

Nice 1 Limited Nice 1 Limited

Nice 1 House, Broad Lanes, Nice 1 House, Broad Lanes,

Bilston, West Midlands, Bilston, West Midlands,

WV14 0RQ WV14 0RQ

�+44 (0) 7988 033038 �+44 (0) 7920 238326

� [email protected] � [email protected]

nice 1 portrait format presenter november 2015

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