It is also increasing some of the limits on its Bedroom Plus product as well as introducing a choice of limits on Personal Belongings optional cover and increased Single Article limits.
The changes, as a result of listening to broker feedback, are intended to provide the intermediary market with more levels of cover and choice for its customers.
Canopius now joins Aviva, Groupama, and Royal & Sun Alliance as part of the Santander Additions insurance panel.
The Additions panel offers intermediaries exclusive access, via Abbey for Intermediaries, to its General Insurance products, providing them with a quotation system and easy to use application process.
In addition, Santander Additions is increasing certain limits on its Bedroom Plus cover providing intermediaries with even more flexibility in matching their customers’ individual needs to the level of cover available.
Designed for homes with up to four bedrooms, Bedroom Plus offers the flexibility to specify the buildings sum insured, coupled with a generous fixed contents sum insured.
The improvements to the Bedroom Plus product include:
The introduction of a choice of cover limits and increased single article limits under the Personal Belongings cover option
Increased individual bicycle cover from £500 per bicycle to £1,000 per bicycle under Personal Belongings cover
Increased limit from £1,000 to £2,000 for credit, debit, cheque guarantee and cash card loss under Personal Belongings cover
Alternative Accommodation limit under Contents cover increased from a maximum of £7,500 to maximum of £10,000
Miguel Sard, managing director of Abbey for Intermediaries, said: “We are very pleased to welcome Canopius to our Santander Additions Panel and look forward to developing our relationship with them. We’re also delighted to be able to continue supporting intermediaries by making improvements to the Bedroom Plus Product. Offering competitive rates and cover we expect there to be strong demand for these products from intermediaries and their clients.”
Tim Rolfe, CEO of Canopius UK Retail Division, said: “We are delighted to join the Santander Additions panel of insurers. The Additions panel has a strong presence within the intermediary market and we look forward to developing a long and successful association with Santander.”