Tenant Contents Insurance

Tender description

Swindon Borough Council manages its own housing stock and has around 10,300 properties. The Council currently has an arrangement with an insurance broker to provide tenant contents insurance, and the policy is underwritten by an insurance company. The Council wishes to submit to tender the requirements for the provision of an insurance broker/insurer to provide contents insurance for its 10,300 tenants. The Council promotes tenant contents insurance in order to address financial exclusion. In addition it is in the Councils interest to ensure that tenants have insurance because in the event of a major repair fault, such as a flood, the tenant’s possessions are covered. The Council is expecting the appointed Contractor to provide digital applications forms, digital promotion materials and minimise the administrative burden that running the scheme places on the Council. The Council also wishes to provide a basic level of cover with the option to increase it cover various specific risks and accidental damage. The initial contract term will be for 36 months with an option to extend for a further 24 months for a potential total contract term of 5 years as stated in the ITT documents. Estimated contract spend is between £155,000 and £170,000 across the initial 3 year contract term and between £260,000 and £290,000 across the potential total 5 year contract term. Full details relating to the Services are provided in the tender documents Keywords: Insurance Brokerage