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Bank offers general insurance option as part of mortgage application

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Australian Broker | 04 Jun 2013, 07:00 AM Agree 0
A non-major lender is now offering general insurance as part of its home loan application process
  • Broker Tony | 04 Jun 2013, 09:02 AM Agree 0
    It's good to be able to offer a service and if it is seamless process even better. However clearly no commission in this for the broker and much as the purists will say there is no advice required and therefore no work, the fact is that we have to discuss the product in at least a basic sence and the client needs to make an immediate decision for the process to be seamless. We will also have no idea how competitive the product is or how well administered. It would be a brave broker to 'encourage' any client to take this insurance.
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