Charity insurance deal could boost good causes
A new charity claims to offer competitive home insurance cover while benefiting good causes.
The Care2Save service lets you choose a charity to receive the commission paid by the insurer when you arrange cover through the service.
Under the deal, four-fifths of the commission paid is passed onto your chosen charity. The remaining fifth goes to the Care2Save Charitable Trust, which promises to distribute all profits to hospices and palliative care projects in the UK and globally.
Behind the idea is Andrea Fragata Ladeira, chief of the Care2Save Charitable Trust and commercial director of St Luke's Hospice: "We are confident it will give people a new way to donate money to charity," she said. "Initially the site has been launched with insurance products, but this will be expanded over to time to other household utilities, such as energy and broadband."
The charity works as an introducer and has three corporate partners: Payplan Financial Services, Cavere, which writes the insurance policies, and Ageas, the underwriter.
Care2Save says that it receives 7.5 per cent commission per transaction. It calculates that if 1,000 people sign up to a home and contents insurance policy through the site, some £16,560 will go to the charities of policyholders' choice and a further £4,140 will go to Care2Save.
You can check out the service by calling for a quote on household insurance at 0800 3167147 or by going to Care2Save.co.uk
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