Lockton | Scheme Benefits

Scheme Benefits

Benefits of the scheme for you, the landlord:

It tackles financial exclusion
It helps to achieve best value by reviewing and ensuring continuous improvement
The scheme can be offered as an additional service to tenants, recognising you as a responsible landlord
Maximum or minimum involvement in the management of the scheme – the choice is yours
Full marketing support with branded literature

Benefits of the scheme for your tenants:

Options on the cover available
Designed specifically to suit tenants needs
No bank account is needed
Affordable weekly, fortnightly, monthly or annual payments can be made with rent payments or, at a Post Office or Payzone outlets and participating e-pay outlets, (the payment method depends on your involvement)
Low minimum sums insured
No excess required if a claim is made
Fast and efficient claims service
No compulsory or minimum security requirements on the property
New for old cover
Application process is quick and simple
Peace of mind

How do we work with you?
Innovation is our key priority so we offer a scheme that provides a high level of cover and service at a competitive price to tenants. We also ensure it is successfully marketed to tenants.

We can offer a choice of insurers of the very best household names and options in cover ie – standard cover, standard cover plus an accidental damage extension and cover for personal possessions.

Your involvement in the management of the scheme depends on your requirements - we can accommodate you and the options available include:

Maximum involvement in the management of the scheme
You would be involved in the promotion of the scheme to tenants, collection of premiums along with rent and administration carried out by you. We can negotiate a level of remuneration to cover administration costs.
Medium involvement
You would be involved in the promotion of the scheme to tenants, collection of premium along with rent. Administration carried out by the Insurer or outsourced to an administrator, again we can negotiate a level of remuneration to cover administration costs.
Minimum involvement
Your only involvement would be in the promotion of the scheme to tenants. The premium collection and administration would be carried out by the Insurer or outsourced to an administrator.

All claims handling of the scheme will be carried out by the insurer or their appointed loss adjuster. They will provide a dedicated claims team who will provide advice and support as required, reduce process driven claims handling as far as possible and ensure a timely and efficient service.

Lockton Service

The key to our success is working in close partnership with each of our clients. Our specialists take time to listen and to understand your specific goals so that we deliver insurance solutions tailored to your requirements. This approach has earned us the trust of clients all over the world.

The same team that designs, negotiates and implements your business insurance plan with the carrier is also responsible for managing your service needs. This dedicated team approach increases our understanding of your business, allows us to anticipate your needs, and creates accountability and ownership by the team throughout the entire process.

Most insurance brokers promise a high-level of personalized service, but our unique structure allows us to actually deliver on that promise everyday. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.

We firmly believe we get business based on our expertise, creative solutions and outstanding service. Just as importantly, our client retention rate of 95 percent reflects our commitment to each and every client.