Tempcover and cap hpi have teamed up to help dealers close more sales. The short-term insurance provider offers cover from one hour to 28 days to help dealers improve post-purchase service to buyers.
Flexible driveaway insurance allows buyers to drive their new purchase and have time to shop around for the best insurance deal on their new vehicle. It helps dealers close the sale and have the customer take the car within minutes.
Nick Brunton, director of partnerships at Tempcover, said: “We’ve developed an insurance product with dealers in mind.
Tempcover helps to close more sales and improves the purchase experience for buyers. We feel that every dealer would benefit from Tempcover thanks to the flexibility it adds to every buying journey.”
Tempcover has partnered with cap hpi to reach dealers across the UK and explain the benefits of the insurance product. A streamlined process enables customers to generate a quote in under two minutes without dealer intervention. Documents are emailed immediately to insure customers.
The insurance company is running TV and radio adverts to build brand awareness with consumers. Tempcover is authorised by the FCA and was the first InsurTech to launch a driveaway insurance product.
Jon Dennis, UK sales director at cap hpi, said: “The driveaway protection that we offer with Tempcover will speed up the car-buying process for our dealers’ customers.
“Buyers can make sure they can drive a car on the same day. It also gives them time to consider the advantages and disadvantages of their long-term insurance options, which is another fantastic selling point.”