About Select & Protect

Select & Protect background

Select & Protect was formed 1983 and now has some 75,000 customers.

In 1990 it decided to specialise in providing building and contents cover together with related insurances such as travel and mortgage payment protection.

The cover is comprehensive and can include accidental damage and worldwide cover as standard. It is also available specifically for first time buyers, new homes and people letting property, as well as all other homeowners.

It offers real monthly policies i.e. not an annual premium divided by 12 with a surcharge, and prides itself on the simplicity of its proposal forms and efficiency of its claims management; the business is driven by two key themes “simplicity and service.”

Select & Protect is unusual in that it distributes its products solely through Financial Advisers.

The company’s innovative insurance software solution, SPRITE was one of the first fully electronic General Insurance trading platforms in the market. SPRITE allows both full and partial proposals to be saved offline and then transferred on-line at a time that suits the adviser. SPOOK, the company’s other Internet based underwriting system, enables the adviser to conduct business at anytime, on-line with a minimum of effort.

There are currently some 5000 agents and it’s list of Key Accounts is extensive including St James Place, MGM, Mortgage Brain, Friends Provident, M2i/M2000, Lighthouse, Mint, HomeLoan Partnership and Personal Touch Insurance.

The company is a member of the General Insurance Standards Council and also an affiliate member of The Association Mortgage Intermediaries.

All household insurance policies are underwritten by Norwich Union Insurance Limited and Mortgage Payment Protection is underwritten by St Andrew’s Insurance plc.

Select & Protect is based in Southend employing some 80 people; in 2003 it had annualised premium income in excess of £24.5m.

S&P NOW FULLY AUTHORISED BY THE FSA

Select & Protect, the leading provider of household insurance through financial advisers, has now received it’s Part IV Grant of Permission notice from the FSA, confirming that it is fully authorised to operate in the regulated environment from 14 January 2005. The company received its MTA letter in September of this year.
 

Home insurance is available for your residential property as a tailor made insurance policy or a bedroom rated insurance policy (Ultima or Median).

If you are buying a brand new property then a substantial discount is available under Ultima New Homes.

Landlords can get flat or house insurance under the Select & Protect Lettings policy.

Mortgage Payment Protection Insurance is also on offer.

click above for a home insurance quote.