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Insurance gets Confused - 27 June 2008

Known as much for the annoying TV ads running on cable TV stations as for the great deals on car insurance that can be found, Confused.com has become something of a household name in the growing market for price comparison websites. Now the company has turned its attention to the world of insurance for overseas properties.

The new offering, in conjunction with overseas insurance specialist Hiscox, is intended to make getting insurance on overseas property much easier and less-daunting for buyers, avoiding as it does the need for knowledge of the foreign legal systems or translating contracts and policies from local insurers. Insurance for overseas homes is one of the most overlooked aspects of the property buying process abroad, but in many ways is even more important than in the UK as holiday homes can be left unoccupied for months at a time.

Carlton Hood, chief executive officer, Confused.com, said, “Confused.com is committed to providing a first-class service and the addition of the overseas home insurance facility strengthens our position as the only aggregator to offer this unique service. It is our aim, with all of our insurance products, to deliver the most comprehensive and accessible a service for consumers, in order for them to make educated decisions based on which policy is right for them. The beauty of our new offering is that the consumer can now purchase insurance for their holiday homes from a UK broker, without any of the hassle of buying locally in a foreign language.”

Hiscox is known as one of the biggest overseas property insurance companies, and works in most European countries, as well as offering cover in Morocco, the UAE and South Africa. However, the US, Canada and the Caribbean are not covered by Hiscox. The service also differs from other parts of the Confused.com site in that it offers rates from only one brokerage, as opposed to offering a comparison of rates from a range of insurers.

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