Compass Mortgage and Insurance services are launching a new insurance brand called ‘Unusual Risks' that is specifically for people looking for products in unusual circumstances.
The service is specifically designed for those with pre-existing medical conditions, hazardous occupations and higher risk pastimes.
Unusual Risks will utilise Compass's vast experience gained whilst providing financial products to the gay community and people living with HIV to assist people seeking insurance who have been diagnosed with medical conditions.
The adviser firm expects the new venture to use its previous experience gained providing financial products to the gay community and people living with HIV to now assist people seeking insurance who have been diagnosed with medical conditions.
It said by introducing a separate service the aim is to insure that people are offered focused advice and tailored products for their specialised needs.
Chris Morgan, marketing manager of Unusual Risks, explained that insurance premiums and policy conditions can vary widely for people living with pre existing illnesses.
"In many cases we have found people applying for insurance have been over charged, or offered terms which can be bettered elsewhere," he added.