Direct policies are the ones you see advertised on tv and the ones you find via insurance comparison websites.
Retail policies are those you can access only through a financial adviser.
Is there a difference?
“Direct” policies offer less cover, are more expensive, pay fewer claims and have greater restrictions and fine print that you may not be aware of until it’s too late.
“Retail” policies on the other hand, are about 40% cheaper, offer you more options, greater cover, and pay more claims.
As you can see, you are far better off seeing a professional adviser and accessing the “retail” version of the insurance policy.
Best of all…
The Sova Difference
This means that for a small upfront fee you can lock in an additional 30% saving off your premium. Alternatively, our service is completely free of charge to you and our services are paid for by the insurance company. The choice is entirely yours.