Property Insurance Initiatives Underwriting Agency launches Flood Excess

flood-sandbags

Property Insurance Initiatives Underwriting Agency (Pii Underwriting Agency) has launched Flood Excess insurance for commercial and residential property owners.

The wholesale property insurance broker explained that the new product can cover flood excesses up to £50,000 as standard.

The policy covers all UK locations provided there are no more than two flood claims in the past five years.

The firm detailed that for commercial properties, there must be no form of co-insurance in place where the

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