Net Bank

Auto Insurance 

Through Sister Company NetInsurance, Inc.

By Completing One Quick Form Online, 
Consumers Receive Multiple Quotes from Top Providers

NetBank announced insurance products will now be offered to consumers through its sister company, NetInsurance, Inc., a national insurance agency offering products from many of the nation's leading insurance companies.

Auto insurance will be the first NetInsurance(TM) product offered through the bank, and plans call for other products such as homeowners insurance to follow soon.

"NetBank has always provided its customers with financial products and services that offer the type of value they really want - convenience, pricing and access to professional service representatives," said Eve McDowell, chief sales and customer fulfillment executive for NetBank. "With our insurance product, when a customer is applying online for an auto loan or refinancing an existing one, he or she can comparison shop for multiple car insurance quotes at the same time. And our real-time, single-session technology allows users to move from receiving estimates and quotes to purchasing a policy in a matter of minutes. If they have any questions, licensed insurance agents are available live via online chat or phone."

From the NetBank Web site, consumers can access estimates, receive competitive quotes from multiple providers, and apply for and purchase a policy. The process is intuitive and has helpful hints to answer common questions at each step along the way. Currently, auto insurance is available to residents in Arizona, California, Florida, Georgia, New York, Pennsylvania, South Carolina, and Texas. NetBank will expand the service to include additional states in phases throughout the year.

With today's announcement, insurance products are now available to customers of each of NetBank, Inc.'s primary business units. The company's two wholesale mortgage lending units, RBMG® and Meritage Mortgage®, and its retail mortgage lending unit, Market Street Mortgage®, have been conducting pilots in California and Florida offering homeowners insurance, through NetInsurance, to customers applying for a loan. Those pilots are now being expanded to include 10 additional states: Arizona, Colorado, Georgia, Illinois, Michigan, Nevada, Oregon, South Carolina, Utah and Virginia.

ATLANTA--(BUSINESS WIRE)--April 10, 2003