Flint Insurance Private Clients Panel member, Zurich Private Clients, has announced its newest “green” environmentally friendly initiative as a new benefit for their customers.
The eco-friendly effort will provide a benefit for enhanced fuel efficiency to customers with high net worth auto insurance. Included on the Flint Private Clients Panel are the leading insurance providers in the UK. They provide a range of different insurance products, from high net worth insurance to auto insurance. Zurich Private Clients is among the insurers on the panel that is considered to be an innovator in green insurance.
The new Zurich Private Clients green initiative offers the insurer’s customers a payment of up to 115 percent if the customer’s car is ever considered to be a write off, as long as the customer agrees to replace the vehicle with one that is smaller and more fuel efficient.
In order to qualify for the deal, the vehicle must have a rating on the VED environmental labeling system that is one color code lower than the previously owned vehicle that is being replaced.
According to Flint Private Clients spokesperson, Edward Spinks, as a result of the currently growing effort by the public to be more environmentally friendly, combined with the recent changes to vehicle taxation based on emissions, then married with the rapidly increasing price of fuel, “incentivizing people to be more fuel efficient and environmentally friendly is a logical, but bold move.”
He believes that this green incentive for vehicle replacement will reflect the forward thinking of the insurer.