nice 1 selected products august 2011

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Agenda• Introductions• Motor XS Protect• Fleet / Lease / Commercial XS Protect• Mis-fuelling Protect• Glass Protect• Theft Protect ®• Guaranteed Courtesy Vehicle ®

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Nice 1 Limited• Appointed Representative of ITC

Compliance Limited

• Regulated by the FSA

• Created to develop innovative solutions for the insurance , automotive and fleet sectors

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Motor XS Protect

• Protect your customer against having to pay the excess on a policy issued in their name, insured by a UK insurer and which is regulated by the FSA

• Policy is annual and is a one claim policy• We follow the insurer - If they pay out, We pay out• Simple, straightforward and easy to understand• Depending on client profile, the policy may be self funding i.e. increased excess

saves more than the cost of the policy.

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XS Protect is available for :-

• Private Motor• Commercial Vehicle• Caravan & Motorhome• Motorcycle• Business Car• Driving Instructors• Minibus

• Buildings & Contents• Tradesman Liability• Commercial Combined• Lifestyle XS Protect

Contact Steve Bennett at Nice 1For Our Competitive Net RatesTelephone : 0844 414 2286

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Private Motor XS Protect

• Refunds the customers excess in the event of any fault or non fault claim. Windscreen excesses are excluded.

• Non fault claims are paid should the policy holder not be able to recoup their excess from the fault party within 6 months.

• The policy covers private cars, motorbikes, owner/user taxis, driving instructors and motor homes.

• Cover levels can be selected from £250 to £2000 per year.


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Private Motor XS Protect:

• These are for private motor only, covering all claims, fault and non fault.• Cover is annual in the aggregate• Annual limits of £250, £350, £500, £750 and £1,000 are available• Excludes windscreen claims• Covers SD&P and class 1 business use• No driver age restrictions• Includes cover for:• Driving instructors• Taxis (sole owner / user only)• Same rates & cover levels for motorcycle


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Commercial Vehicle XS Protect (<3.5 tonnes)

• As private motor excess product but for commercial vehicles. This policy can cover vehicles up to 3.5tonne and fleets of up to 30 vehicles.

• Cover levels can be selected from £250 to £2000 per year.

• Net rates also available for CV > 3.5tonnes• Same rates & cover levels apply for Business

Car / Minibus / Caravan & Motorhome• Fleet & Commercial combined rates are also

available for up to 5, 10, 15 & 20 vehicles


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Buildings and Contents Excess:

• Buildings and contents excess protect covers any excess payable under the main buildings and contents insurance policy.


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Tradesman Liability Excess Protect:

Tradesman Liability excess protect covers any excess payable under the tradesman liability insurance policy.


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Fleet / Lease / Commercial XS Protect:

• Fleet allows vehicles to be bundled under one umbrella policy• Fleet policy is for all vehicles – no adverse selection• Commercial policy covers vehicles up to 44 tonnes• Covers all relevant categories of business motor insurance• Aggregate limit applies• Simple straight forward and easy to understand• Cover for up to 5, 10,15 with a limit of 20 vehicles• Net rates available on request


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Commercial Combined XS Protect:

• Covers any excess up to the annual aggregate limit• Commercial insurance products covered: - Material Damage - Business Interruption - Employers Liability - Public Liability - Product Liability - Contract Works - E & O Insurance• Limits available: £300 / £500 / £1,000 / £2,500• Aggregate limit applies in any one policy period• Net rates available on request


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Lifestyle XS Protect:

• An entirely new product. Its conception puts an end to clients’ fears of making claims on high-excess policies, by ensuring they will get their money back. Like Motor XS, there is very little small print in Lifestyle XS Protect.

• In the event the insured has a valid claim that exceeds the policy excess, we will reimburse the total excess deducted by the insurance company once they have settled the claim. There is an annual aggregate limit which can be chosen by the customer when taking the policy out.

• Aggregate amounts are variable £250 / £350 / £500 / £750 up to £2,500• These limits of indemnity can be bespoke to the needs of your customers.• The insured can claim as many times in the year as they want, yp to the

aggregate limit.• Net rates available on request.


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Product Lines

Motor• Car• Van• Motor home• Caravan• Taxi• Driving School• Courier• Fleet (Owner Driver)• Motor Bikes• Business Car• Horsebox• Commercial Vehicle <3.5 Tonnes

Home• Buildings• Contents

Lifestyle• Home• Motor• Pet• Travel• Private Medical


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Misfuelling Insurance(available with or without mechanical cover)

• 150,000 motorists misfuel every year• Fixed cost for either a 12 or 36 month policy• Assistance available 24 hours a day, every day of the year• Claim up to 3 times per vehicle per year• The policy covers cars, vans and motorcycles• Full UK coverage – Providing on-going mobility• Roadside assistance companies charge £200+ (Excluding replacement fuel)• Policy can be written into other products as a value add (GAP etc)


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Glass Protect

• Assistance available 24 hours a day, every day of the year• Cover is for windscreens, side windows and rear windows• Claim up to 2 times per vehicle per year• The policy covers HGV’s, LGV’s and cars• Cover applies to both accident and vandalism damage• Sold as £30 excess (private) or VAT on repair (Company)• Can be incorporated into other products to add value or upsell• Comprehensive & TPFT • Full UK coverage


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• Question: How can you help your customers to cope if their car, motorcycle or commercial vehicle is stolen tonight?

• Answer: Offer them Theft Protect TODAY.

• FACT: a vehicle is stolen every 147 seconds in the UK*

• FACT: 40% of stolen vehicles are never restored to their owner*

• FACT: In the majority of cases most insurers will not offer a replacement vehicle

• FACT: most of your clients will be unaware of these alarming statistics

*British Crime Survey Contact Steve Bennett at Nice 1For Our Competitive Net RatesTelephone : 0844 414 2286

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Hire vehicle for up to 28 days in event of theft or unauthorised take of motor vehicle & can extend to “Fault Write Off” cases

Like-for-like rental vehicle option 10 passenger car (2 prestige), 3 cv, 3 motorcycle & 7 Private hire vehicle

groups Avoid exposure to car hire costs, typically £300 for 14 days hire of a

Group A vehicle Stand alone, so not tied to buying other products or being sold with

insurance renewal You can sell Theft Protect regardless of if you have their motor policy Available for Comprehensive & TPFT customers (regardless of car value)

Theft Protect – Customer Benefits

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Theft Protect – What Is Covered? – When would a vehicle be provided?

Theft from & of vehicle Attempt theft of & from vehicle Vehicle interference / Malicious damage Fire / Flood damage Where in each of the above, the vehicle is either undriveable,

repairable and booked into a body shop for repair, or where the vehicle is declared a total loss following these events, or

An accident that leaves the vehicle a total loss as decided by the motor insurer, competent repairer or motor engineer


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Provides the consumer with the solution to the age old problem of staying mobile after a Theft or write off incident, when typically no replacement vehicle service was previously available.

• Valuable additional income stream – easy to sell to the customer, who is warmly disposed toward the product.

• Complete online fulfilment solution for the broker via www.theftprotect.co.uk• CSV data upload option means Theft Protect can be sold regardless of the

proprietary software provider. • Net rated for broker commission flexibility• Can be sold standalone – No requirement for broker to hold the core motor policy.

Theft Protect – Broker Benefits

http://www.theftprotect.co.uk/

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The Nice 1 Broker customers sell our products in different ways, subject to their strategy and resources. Whilst we cannot reveal which of the more successful brokers are doing what, we can provide illustrations that may assist. Example 1: A broker with 30,000 personal lines customers, sold 5,674 Theft Protect policies (19% penetration) by the up sell method between January and December 2010. Example 2: A broker with 40,000 personal lines customers is currently selling to 23% of their new customer base by up selling.

Theft Protect – Broker Successes


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In response to customer & broker observations that insurer courtesy vehicle programs are not always able to provide a suitable replacement vehicle, Nice 1 have created Guaranteed Courtesy Car ®

All of the features of Theft Protect plus a vehicle provided in the event of failure of insurer courtesy car program to provide vehicle. 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.

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Key Features and benefits As per Theft Protect PLUS: • We will arrange and pay for a hire vehicle following an accident that leaves your

vehicle a total loss or repairable as decided by your motor insurers, vehicle repairer or motor engineer.

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 in the Certificate of

Insurance. (Insured Incident)


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Enables the broker to Guarantee a courtesy vehicle solution that suits the customer

• Valuable additional income stream – easy to sell to the customer, who is warmly disposed toward the product.

• CSV data upload option means GCC can be sold regardless of the proprietary software provider.

• Net rated for broker commission flexibility• Can be sold standalone – No requirement for broker to hold the core motor policy.

Guaranteed Courtesy Vehicle – Broker Benefits


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Thank You . . .Any questions? If you want more detail on products and rates please contact me. I will be happy to accompany you on broker visits to assist with the delivery of any of the Nice 1 products.

nice 1 selected products august 2011

Business

motor xs

fleet lease commercial

agenda introductions

courtesy vehicle