Provision of Tenants Contents Insurance Scheme for London Borough of Hillingdon
Awarded 31 Mar 2018
About
London Borough of Hillingdon awarded a contract to Thistle Insurance Services Ltd for the provision of its Tenants Contents Insurance Scheme, an insurance product designed for tenants financially excluded from the mainstream home contents insurance market.
The scheme, which had 812 tenants enrolled (just under a 10% take-up rate), features minimal entry criteria, weekly premium collection alongside rent, and sums insured starting as low as £5,000.
The contract is for 3 years from 1st April 2018 with an option to extend for a further 2 years, and is valued at £320k based on premiums over a 5-year period (£209,000).
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