|
|
|
 |
| Press Release Archive |
| |
|
Endsleigh’s student snub inevitable says Karma Insurance |
|
|
Date: Friday 4 July 2008
|
|
| News that Endsleigh is closing its campus outlets next month is disappointing considering the insurer built its business and reputation in the student sector, says Brian Wright, Managing Director of Karmainsurance.com |
|
| He comments: “Endsleigh was established to provide insurance for students – this was its raison d etre. It enjoyed support from the National Union of Students and warning bells should have rung when the NUS sold their shares in the business 18 months ago. Over the years, the so-called student-friendly insurer has lost touch, offering outdated and overpriced policies – a clear indicator that it’s not keen to continue operating in this sector.” |
|
| When Karma recently researched the cost of gap year travel insurance, Endsleigh’s cover was £444.50 - £284.25 higher than its quote of £160.25*. Endsleigh’s annual premium for student possessions cover was £205 - £141.75 higher than Karma’s quote of £63.25 for 12 months cover**. “This is just one aspect of their insurance that’s lacking,” continues Brian. “Providers that do not offer all-encompassing student cover and continue to charge high premiums will not survive.” |
|
| Karma offers student possessions insurance that’s payable monthly, ensuring premiums aren’t paid when the accommodation isn’t being lived in and laptops are covered at a discount. |
|
| The online provider also offers a search and rescue facility with its gap year product and recently increased the number of extreme and hazardous sports it covers to 240. Karma’s one of a few providers to offer complete traveller protection against failure of an airline or transport provider, hotel or accommodation supplier or car hire firm to honour a pre-booked agreement. Vital if there are no bonded travel agreements in place which is usually the norm for gap year students. |
|
| Brian concludes: “It’s inevitable a provider, offering inferior products at high cost, whether online or via a costly branch network, will result in failure. What’s really concerning is the timing of the 119 branch closures – just before new students arrive on campus and are looking for insurance. Whilst they may not have purchased Endsleigh’s cover, it would have got them thinking about insurance and the need to shop around. Now it may slip off their radar completely.” |
|
|
|
 |
|
|
|
home |
about us |
press release archive |
partner info |
contact us |
ecology |
legal |
links |
sitemap |
|
|
|
|
Why Karma -
e-commerce at it's best
|
|
|
|
|
|
|
|
|
|
|
Remember
|
| The average family throws out six trees in packaging and waste paper every year – please respect our environment and be green by example, only print this information and attachments if you have to. Thank you. |
| Every £100.00 you spend with Karma helps the World Land Trust to conserve our environment.
|
|
|
|
|
|
|
