Products: Aspen tackles underinsurance while NIG rolls out property owners product
Two insurers have targeted the property owners market recently. Aspen Risk Management highlighted that a key benefit of its new product was that it provided practical help in dealing with the growing issue of underinsurance.
The range of cover includes a building cost assessment and property owners’ liability providing up to £10m of indemnity along with director and officers’ cover up to £500,000 and commercial legal expenses up to £250,000. The provider added that, to support brokers on both large and small portfolios, capacity was available for an estimated maximum loss of up to £75m for any one location.
Kevin Pallett, managing director of Aspen Risk Management, commented: “In a well-served market segment like
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop