Product Value & Coronavirus

14 December 2020

Following the FCA's Covid-19 product value request here is CUL's response.

In view of the ongoing Covid-19 situation, the FCA have recently requested that all product manufacturers review their products to ensure that they continue to provide adequate value for money for customers.

In line with FCA product governance Policyfast regularly evaluates its products and in response to Covid-19 we have been in dialogue with our capacity partners to further address the cover levels offered.

Following this exercise, we are satisfied that our products continue to provide excellent value for the customer. Where appropriate there are options to extend policy conditions and/or offer flexible cover. As we deal with a range of insurers and products these options do vary so if you have a question regarding the stance taken in relation to any specific insurer please contact Policyfast who will be able to advise you.

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