Renovation launches product for unoccupied properties
The MGA, set up by former Sterling head Nicholas Cooper, has designed the cover for larger residential and commercial properties.
Managing general agent, Renovation Underwriting, has developed a product to cover large unoccupied commercial and residential properties which includes risk management as an option.
The offering, Renovation Unoccupied, is designed for properties with a reinstatement value in excess of £250,000 that are vacant on a permanent or temporary basis.
A typical scenario might be where a property is waiting to be redeveloped, is a second home or is vacant pending probate.
The MGA was set up by former
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