HPI launches short term insurance for car dealers

Currently, if dealers loan cars to their customers using an existing Motor Trade policy, they could be risking their premiums, warns HPI. To combat this issue, HPI has created HPI Readycover, flexible, short term insurance for dealers and their customers. HPI Readycover, underwritten by one of the UK’s leading insurance companies, offers comprehensive cover for courtesy cars and unaccompanied and extended test drives, so dealers don’t have to rely on existing policies or risk their own no-claims discount.

For a small daily fee, dealers can cover their loan vehicles online, using HPI Readycover’s simple web-based system. With fully comprehensive, instant cover, dealers can be sure that when customers use their vehicles they won’t have to deal with expensive claims on their Motor Trade policy.

“HPI Readycover makes it easy for dealers to offer test drives and courtesy cars, knowing their customers have the right cover, at no risk to their current premiums,” says Daniel Burgess, Director of Automotive at HPI. “Once dealers have signed up to use HPI Readycover, they also get access to HPI’s Fleet Management Diary. This allows dealers to control all of their courtesy and sales cars, so they know exactly which vehicles are available and which have been allocated – even those on an overnight demonstration. This makes it easy to arrange HPI Readycover before the customer arrives to collect the car, for the ultimate in customer care.”

The HPI Readycover fleet management system can be used to schedule routine cleaning and maintenance of vehicles. With a clear overview of their vehicles, dealers can quickly amend or clear bookings and see who was driving a vehicle on any given day.

HPI Readycover is available to any customer, providing they meet the eligibility criteria. Once dealers have registered to use HPI Readycover they can simply log on to the dedicated website, select the vehicle, enter the customer and booking details and wait for the instant quote. When the customer accepts the quote, the dealer simply presses buy and charges them as normal. The policy documents can be printed off for the customer to sign. HPI Readycover can also be provided to non FSA regulated dealers demonstrating its flexibility.

Burgess concludes, “Through the launch of HPI Readycover we are helping dealers enhance their customer service offering, which is crucial in a competitive market. This short term insurance solution also helps dealers protect their premiums. In addition, HPI’s fleet management system means dealers stay in control of their fleet, while boosting sales and customer satisfaction. HPI Readycover is part of our ongoing commitment to bringing dealers a range of solutions designed to meet the changing needs of the market.”