2. Page2
CONTENTS
Who are Nice 1 ……………………………………….......... Page 3
Insurance & Affinity Partners ……………………………………….......... Page 4
Insurance Brokers 500+ Active ……………………………………….......... Page 5
www.nice-1.co.uk ……………………………………….......... Page 6
MOTOR PRODUCTS ……………………………………….......... Page 7
EXCESS PROTECTION ……………………………………….......... Page 8
LIFESTYLE PRODUCTS ……………………………………….......... Page 9
RTI / Finance Combination Gap ……………………………………….......... Page 10
CV Finance Gap up to 44t ……………………………………….......... Page 11
RTI Taxi Gap ……………………………………….......... Page 12
GAP RATING ……………………………………….......... Page 13
Replacement Vehicle ……………………………………….......... Pages 14 – 15
Toolguard ……………………………………….......... Pages 16 – 17
PRODUCTS PENDING ……………………………………….......... Page 18
CONTACT PAGE ……………………………………….......... Page 19
3. Page3
Who are Nice 1?
Formed in 2007, by Steve Bennett a former police officer and Carl Brandrick, a
successful entrepreneurial businessman, the Nice 1 objective is to provide our
agents and their customers with a genuine choice of quality, innovative, affordable
insurance solutions, backed up by first class customer service at all times.
Nice 1 is a young, dynamic company that enjoys continued success in the
increasingly competitive and specialist insurance products marketplace.
The continued growth and success of Nice 1 proves that this objective hasn't only
been met, it has been exceeded in impressive fashion, reflected by the continuing
support of 500+ UK insurance and automotive distribution network partners.
Nice 1 Limited is authorised and regulated by the Financial Conduct Authority. FCA
Reference Number (FRN) is 650309.
7. Page7
MOTOR PRODUCTS
• RTI/FINANCE Combination GAP
• CV Finance GAP
• RTI Taxi GAP
• Misfuel
• Theft Protect
• Replacement Vehicle
• Toolguard
• Personal Accident & Death Benefit
• Key Protect
• Licence Assist
8. Page8
EXCESS PROTECTION
• Buildings & Contents
• Business Car
• Caravan & Motorhome
• Car Hire Excess Protect
• Commercial Combined
• Commercial Vehicle
• Driving Instructor
• Fleet & Commercial Vehicle Combined (5 to 20 vehicle)
• Fleet (singly 1 to 4 vehicle)
• Lifestyle (2,3 & 5 Star)
• Minibus
• Motor Trader
• Motorcycle
• Multi Vehicle (Family Fleet)
• Private Motor
• Taxi
• Tradesman Liability
9. Page9
LIFESTYLE PRODUCTS
• Bicycle Protect
• Handbag & Briefcase Protect
• Gadget
• Domestic Home Emergency
• Landlord Home Emergency
• Single Appliance
• Multi Appliance
• Landlord Multi Appliance
• Family Professional / Legal Protection
• Commercial Legal Protection
• Landlord Legal Protection
10. Page10
RTI / Finance Combination Gap
In the event of your car being stolen and not
recovered or in an accident and declared a
total loss, very few customers will receive
from their motor insurer the amount they
originally paid for the car, or the finance
outstanding and this may mean they have to
buy a lower spec vehicle or struggle to
replace this vehicle at all.
GAP Insurance provides valuable benefits for
the majority of customers who purchase a
new or used vehicle.
If a Total Loss of the insured Vehicle occurs
within the Territorial Limits during the Period of
Insurance, We will pay the difference
between the Insured Value (The amount that
You receive under Your Motor Insurance
Policy in respect of Your Vehicle being a
Total Loss) and either the purchase price of
the insured Vehicle as confirmed by the Net
Invoice Selling Price or the amount of Your
Early Settlement Finance Figure, whichever is
the greater.
Eligibility Requirements
You are eligible for cover under this policy
provided:
1. You purchase this policy within 180 days of
taking ownership of the Vehicle from a VAT
Registered Dealership or Internet Broker.
2. The Net Invoice Selling Price does not
exceed £150,000 (one hundred and fifty
thousand pounds);
3. The Vehicle is listed in Glass’s Guide and is
less than 8 years old, and has covered less
than 80,000, on the day that You purchase
Your policy;
4. The Vehicle is not specifically excluded
under the terms and condition of this policy.
Policy Transfer
If You sell Your Vehicle, provided that no
claim has been made under this Insurance,
You may transfer the remaining cover to the
eligible Replacement Vehicle, subject to Our
agreement. Where the Purchase Price of the
replacement Vehicle is greater than the
original Vehicle Purchase Price, an additional
premium may be required.
11. Page11
CV Finance Gap up to 44t
This Commercial Finance GAP Insurance is
arranged by Nice 1 Limited.
If a Total Loss of the insured Vehicle occurs
within the Territorial Limits during the Period
of Insurance, We will pay the difference
between the Insured Value (The amount
that You receive under Your Motor
Insurance Policy in respect of Your Vehicle
being a Total Loss) and the amount of Your
Early Settlement Figure.
The maximum amount We will pay in
respect of any one claim will not exceed
the Limit of Liability as shown in Your Policy
Schedule.
If You accept an offer of settlement from
Your Motor Insurer of less than the current
Market Value of the Vehicle, We reserve the
right to contact the Motor Insurer in Your
name to assess the offer of settlement and
where necessary seek settlement in-line with
the Market Value at the time of the incident
that lead to Your Vehicle being declared a
Total Loss.
Eligibility Requirements
You are eligible for cover under this policy
provided:
1. You purchase this policy within 180 days of
taking ownership of the Vehicle from a VAT
Registered Dealership.
2. The Net Invoice Selling Price of the Vehicle
does not exceed £100,000 (one hundred
thousand pounds);
3. The Vehicle is listed in Glass’s Guide and is
less than 6 years old, and has covered less
than 80,000, on the day that You purchase
Your policy;
4. The Vehicle is a Heavy Goods Vehicle
(HGV) tractor unit or a rigid lorry weighing
between 3.5 tonnes and 44 tonnes. Please
note trailer units are not covered by this
policy.
5. The Vehicle is not specifically excluded
under the terms and condition of this policy.
Claim benefits (subject to policy chosen)
• Between £10,000 and £15,000 for vans
& trucks 3.5 to 7.5t up to £60,000
vehicle value
• Between £15,000 to £20,000 for Trucks
7.5 to 44t up to £100,00 vehicle value
• Available in 36, 48 & 60 month policies.
12. Page12
RTI Taxi Gap
In the unfortunate event of your car being stolen and
not recovered or in an accident and declared a total
loss, very few customers will receive back from their
motor insurer the amount they originally paid you for
the car, and this may mean they have to buy a lower
spec vehicle or struggle to replace this vehicle at all.
This Return to Invoice GAP Insurance is arranged by
Nice 1 Limited.
Nice 1 offers a comprehensive range of GAP products
to cover the shortfall between the current market
value of the vehicle and the original invoice price of
the car.
Eligibility Requirements
You are eligible for cover under this policy
provided:
1. You purchase this policy within 180 days of
taking ownership of the Vehicle from a VAT
Registered Dealership or Internet Broker.
2. The Net Invoice Selling Price does not
exceed £50,000 (fifty thousand pounds);
3. The Vehicle is listed in Glass’s Guide and is
less than 8 years old, and has covered less
than 80,000, on the day that You purchase
Your policy;
4.The Vehicle is not specifically excluded
under the terms and condition of this policy.
RTI / Taxi GAP
• RTI (Return To Invoice) Covers the
difference between the original
invoice price and current market
value.
• Available in 12, 24, & 36 month
policies.
• Vehicles up to £50,000 value
• Claim benefits* (*subject to policy
chosen) between £5,000 and
£10,000
• Policy covers family saloons & MPV’s
• Policy Transfer : If You sell Your
Vehicle, provided that no claim has
been made, you may transfer the
cover to the eligible Replacement
Vehicle, subject to our agreement.
13. Page13
TERM
Years
VEHICLE BANDING BENEFIT Broker Net
Broker
Commission
RRP Ex
IPT
Gross RRP
2 0-25k 20K £85.00 £65.00 £150.00 £164.25
2 25-50k 25k £112.74 £75.00 £187.74 £205.57
2 50-75k 25k £159.91 £75.00 £234.91 £257.22
2 75-100k 25k £216.51 £75.00 £291.51 £319.20
2 100-150k 25k £235.38 £75.00 £310.38 £339.86
3 0-25k 20K £131.60 £75.00 £206.60 £226.23
3 25-50k 25k £159.91 £75.00 £234.91 £257.22
3 50-75k 25k £207.08 £75.00 £282.08 £308.87
3 75-100k 25k £235.38 £75.00 £310.38 £339.86
3 100-150k 25k £254.25 £75.00 £329.25 £360.52
4 0-25k 20K £159.91 £75.00 £234.91 £257.22
4 25-50k 25k £193.87 £75.00 £268.87 £294.41
4 50-75k 25k £235.38 £75.00 £310.38 £339.86
4 75-100k 25k £291.98 £75.00 £366.98 £401.84
4 100-150k 25k £310.85 £75.00 £385.85 £422.50
5 0-25k 20K £188.21 £75.00 £263.21 £288.21
5 25-50k 25k £241.04 £75.00 £316.04 £346.06
5 50-75k 25k £282.55 £75.00 £357.55 £391.51
5 75-100k 25k £320.28 £75.00 £395.28 £432.83
5 100-150k 25k £339.15 £75.00 £414.15 £453.50
Summary of Main Cover Points:
Includes £250 XS cover
Settled at RTI basis from day 1-180 (or O/S balance, whichever is greater)
Transferrable to replacement vehicle
Pro-rata refunds (£35 insurer retention fee)
90 Days cover in European Union (subject to main policy cover being unaffected)
TERM
Years
VEHICLE BANDING BENEFIT Broker Net
Broker
Commission
RRP Ex
IPT
Gross RRP
1 0-10K £5k £93.87 £75.00 £168.87 £184.91
1 10-25K £10k £112.74 £75.00 £187.74 £205.58
1 25K-50K £10k £131.60 £75.00 £206.60 £226.23
2 0-10K £5k £131.60 £75.00 £206.60 £226.23
2 10-25K £10k £150.47 £75.00 £225.47 £246.89
2 25K-50K £10k £159.91 £75.00 £234.91 £257.22
3 0-10K £5k £159.91 £75.00 £234.91 £257.23
3 10-25K £10k £169.34 £75.00 £244.34 £267.55
3 25K-50K £10k £188.21 £75.00 £263.21 £288.21
Quote is based upon the assumption of vehicles being used are family saloons & MPV's
RTI to 180 days from date of purchase
Rates include £250 XS cover
TERM VEHICLE BANDING BENEFIT Broker Net
Broker
Commission
RRP Ex
IPT
Gross RRP
3 Year £0 - £30,000 £10k £188.21 £75.00 £263.21 £288.21
4 Year £0 - £30,000 £10k £197.64 £75.00 £272.64 £298.54
5 Year £0 - £30,000 £10k £244.81 £75.00 £319.81 £350.19
3 Year £30,000-£60,000 £15k £207.08 £75.00 £282.08 £308.88
4 Year £30,000-£60,000 £15k £254.25 £75.00 £329.25 £360.53
5 Year £30,000-£60,000 £15k £263.68 £75.00 £338.68 £370.85
3 Year £0 - £50,000 £15k £301.42 £75.00 £376.42 £412.18
4 Year £0 - £50,000 £15k £310.85 £75.00 £385.85 £422.51
5 Year £0 - £50,000 £15k £405.19 £75.00 £480.19 £525.81
3 Year £50,000-£100,000 £20k £320.28 £75.00 £395.28 £432.83
4 Year £50,000-£100,000 £20k £414.62 £75.00 £489.62 £536.13
5 Year £50,000-£100,000 £20k £424.06 £75.00 £499.06 £546.47
COMBINED RTI/FINANCE GAP POLICY
TAXI RTI GAP POLICY
FINANCE COMMERCIAL VEHICLE GAP (3.5 - 44T)
Vans & Trucks 3.5T - 7.5T Trucks 7.5t - 44t
14. Page14
Replacement Vehicle
What is Replacement Vehicle?
In response to customer observations that
insurer courtesy vehicle programs are not
always able to provide a suitable
replacement vehicle, Nice 1 created
Replacement Vehicle Insurance.
Subject to the customers’ own insurance
policy being unable to provide a suitable
vehicle under the courtesy vehicle program,
this policy will provide a vehicle for a
selected period (3,7,14, 21 or 28 days).
In the event of insurer program failing to
provide Nice 1 will:
• Arrange for vehicle to be referred to
nearest alternative approved repairer
with courtesy vehicle available or
• Arrange the supply of a replacement
vehicle through its national rental
network
When Will A Vehicle Be Provided?
We will arrange and pay for a hire vehicle if
your vehicle is:
• stolen
or is made undriveable following
• attempted theft
• damage by fire,
• vandalism
• vehicle interference
• following an accident where your
vehicle is a total loss or repairable* as
decided by your motor insurers,
vehicle repairer or motor engineer, or
if your vehicle is declared a total loss
by your motor insurer following any of
these events.
*Subject to your insurer being unable to
supply a suitable vehicle under any courtesy
vehicle
Program.
Significant exclusions or limitations
• Any vehicle hire costs incurred
before we have accepted a claim.
• We will only pay vehicle hire costs up
to the limit specified and for the
vehicle group selected in the
Certificate of Insurance.
16. Page16
What is Supercover Toolguard?
Trades people rely on their tools to carry on their
business. All too frequently, insurance for tools
when in vehicles contains restrictions where the
policy will only pay claims when vehicles are
locked in a garage or secure compound.
Tools protect provides a tools in van insurance
policy that protects the insured from having to
find the money to replace tools should they find
themselves in the unfortunate position that they
are unable to work, due to the theft of tools from
their van or the tools are damaged as a result of
an accident involving the van.
SIGNIFICANT FEATURES & BENEFITS
• If your tools in transit are destroyed,
damaged or stolen whilst in your vehicle
we will replace them.
• If your tools in transit are destroyed,
damaged or stolen during loading or
unloading we will replace them.
• This cover is limited to a maximum of 2
claims in any 12 month period
• £500, £1,000, £2,500 £5,000, £7,500 or
£10,000 cover levels (subject to
premium paid) in the event that
property belonging to you or for which
you are responsible is lost, destroyed or
damaged whilst being loaded upon,
carried by, temporarily housed upon or
being unloaded from your vehicle.
The policy does not cover:
• Sheets, ropes, packing materials, securing
chains or toggles, property warehoused for
a rental or under contract for storage or
distribution, money, securities, jewellery,
watches, furs, cameras, radios, televisions,
record players, cassette players or video or
electrical equipment.
• Goods carried for hire or reward.
• Damage caused by inadequate packing.
• The first £100 of each claim
• Theft from any unattended motor vehicle
unless the tools in transit have been
concealed in a locked boot or cargo hold
or other locked internal compartment and
all the vehicle windows and doors have
been securely locked and fastened and
the keys removed and unattached trailers
have had anti-hitching devices put into
operation.
• Loss or damage for anything other than
your portable tools
• Theft from any unattended motor vehicle
that occurs overnight (10pm – 6am) unless
the vehicle is:
i. parked in an area secured by a
locked gate or a locked garage
ii. ii. parked on your driveway
iii. If these conditions cannot be met
then you must park your motor
vehicle in a well-lit area, on the
same street as your private home,
and the motor vehicle must be
visible form your private home.
18. Page18
PRODUCTS PENDING
• Total Loss Protect
• GAP PLUS – Includes a replacement vehicle
• Breakdown Car / Van / Taxi
• Gadget / Bag Combination
• Gadget / Tools Combination
• Landlord suite – Rent Guarantee, Legal, B & C etc
• Commercial Suite
• Cyber Liability
• Professional Indemnity
• Travel
• Employment ET3 Legal
• Holiday Home Legal
• Helmets & Leathers
• Scratch, dent & alloy cover
• MOT Failure Cover
• Tyre Cover
• Uninsured Third Party Protection
• Windscreen & Glass
• Flood Excess Protect
• Commercial Property Owners LEI
• Home Buyers Protection
• I.D. Theft Protection
• Motor Legal Expenses
• Tradesman Professional Indemnity
• Taxi Legal Expenses
• Tax Fee Protection
19. Page19
CONTACT PAGE
Steve Bennett Jim Hunter
Head of Business Development Business Development
Nice 1 Limited Nice 1 Limited
Nice 1 House, Broad Lanes, Nice 1 House, Broad Lanes,
Bilston, West Midlands, Bilston, West Midlands,
WV14 0RQ WV14 0RQ
+44 (0) 7988 033038 +44 (0) 7920 238326
steve.bennett@nice-1.co.uk jim.hunter@nice-1.co.uk
