Insurance can be confusing, restrictive and taxing. Plus, on top of that, you usually have to commit for a full year. It’s no wonder that as an industry we’re one of the most disliked. How often do you hear someone raving about their shiny new insurance policy? We thought not. And why would they?
We’re here to change things for the better.
ageas elastic was born out of Ageas UK, part of a listed international insurance Group. With a heritage spanning 190 years, Ageas products are designed to suit the specific needs of customers, today and tomorrow. Ageas UK is made up of three parts: Broker, Partnerships and Direct, holding shares in Tesco Underwriting and brand partnerships with John Lewis, Virgin Money, Toyota, Volkswagen, Age UK and General Motors.
Ageas UK was the first general insurer to achieve the Gold Standard for Insurance, an award that was won 8 years in a row (2008-2016). Other awards include: Personal Lines Insurer of the Year (Insurance Times,2016) and Claims Initiative of the Year (Insurance Awards, 2016). Ageas UK is also proud sponsors of the ageas bowl, Salisbury International Arts Festival and the Road Safety Foundation.
In 2016 a dedicated team at Ageas UK set out to right the wrongs of home insurance, how? By listening to the most important people in the business—you. Customers told us what they liked, but most importantly what they didn’t. What did we decide to do? Knock the traditional home insurance model down and build it from the ground up with customers involved every step of the way.
There are many benefits to joining our elastic band but here are a few of our favourites.
No yearly contract
Unlike other insurers, we believe that customers should have the freedom of a monthly rolling contract and shouldn’t have to pay through the nose for that privilege. What exactly does this mean? We operate a bit like Netflix (without the binge watching). Pay monthly, stay as long as you want, and if you do need to cancel, whenever you want, we won’t charge you for doing so.
Pick your price
We don’t believe in a one-size-fits-all approach. No two people are the same, so why should their insurance be? Live in an area unlikely to flood, increase your excess and watch your price go down. Are you paying a standard £50,000 contents cover when you don’t need to? With ageas elastic you only have to pay for the cover that matters to you the most.
No fees to make changes
We understand that circumstance can change. With ageas elastic, you can make as many changes as you like, as often as you like, and we won’t charge you a fee for doing so… Ever!
No yearly haggle
Loyalty shouldn’t come at a price. The insurance industry has a reputation for increasing customers’ prices year-on-year despite them not claiming. With ageas elastic, unless you make claim or a change to your policy, we won’t put your price up.Unfortunately, we can’t control the costs that industry-wide changes bring such as inflation or insurance premium tax. However, with ageas elastic you won’t see any unexplained price increases, promise.
Home insurance on-the-go
When you think of renewing or reviewing your insurance, do grueling phone calls and endless paperwork come to mind? Today’s customer is always on-the-go, so why wouldn’t your home insurance be? Aside from making a claim, we are an online-only product. So, you’ll be in control of your policy through your online account wherever and whenever you like, with the help of our online consultants at every stage of your ageas elastic journey.
- You can cover buildings and contents, both together and separately. You can cover buildings up to £1 million and contents can vary from £20K up to £100K.
- Use your sliders to choose how much excess you would pay for 8 insurable events including: Storm; flood; theft; fire; escape of water; subsidence; accidental damage. You can even choose to pay £0 excess on most insurable events.
- You can cover items inside and outside of the home, so your prized possessions are always protected even when you’re abroad.
- You can choose whether you’d like to switch your accidental cover on or off, it’s not built into your policy as standard, so you don’t pay for it unless you want it.
Please check our policy wording to find out more.