We are delighted to be able to say that one more of our fully EU compliant frameworks has been reviewed and updated and is now available for members to access.
Due to the success of the expired previous framework, we have established a new and improved framework which is available until 2021. The appointed supply partner RSA Group ensures the continued provision of Consortium Procurement’s SIMPLE Tenants Contents Insurance (TCI) to our members and their tenants. We have taken into account all the feedback we have received from our members and their tenants and have incorporated it into the new framework, making it even more appealing to members.
Based on research we have conducted as part of the re-development process, we have found that a large percentage of tenants do not insure their home contents because they often find cover expensive. Under the new SIMPLE TCI framework, we have secured low premiums, and cover is available from £0,54 p per week. In addition, we now insure lower sums starting from £4,000 in a bid to encourage younger people to be more protective of their home contents and to uphold best practice.
What is more, under the updated scheme, tenants have the flexibility to pay weekly, fortnightly, monthly, and annually by four means: payment card, payment app, direct debit and cheque. One of the most important aspects of the development of the new framework was to ensure that every route for payment is covered in order to provide users with the flexibility they require. We are excited that we are now able to maximise customer experience by offering tenants on the scheme a new modern and easy way of paying their premium securely via smart phone app.
We also realise that an insurance scheme is just one of many things a landlord needs to administer. To make it as easy as possible to run the scheme, we offer a help and advice service specifically for landlords. This includes our partner RSA’s Landlord Handling Instructions, a step-by-step guide covering everything from what to do if there’s an issue with an application form, taking care of renewals or how premiums should be paid. This personal service sets us apart from our competitors and offers a huge benefit for the landlord.
Another added benefit of using the scheme is that the application process is simple and hassle-free and can be done over the phone or online.
We are also developing an online portal to allow landlords to share their knowledge and best practices. The portal is currently in the final stages of testing with our membership and will be available shortly for all landlords accessing the new SIMPLE TCI scheme.
The Tenants Contents Insurance scheme was originally designed in 1998 and has undergone significant periods of growth since that time. The scheme has proven very successful and popular with our members and their tenants and is currently accessed by 79 member organisations across the UK.
If you’d like to receive more information on the new SIMPLE Tenants Contents Insurance framework or if you’d like to be provided with an application form, please get in touch with us on 0191 566 1000 or email us at firstname.lastname@example.org