Our Mid Net Worth Contract Works Offering
Renovation Underwriting Expands its Mid Net Worth Contract Works Offering
We are pleased to announce that we are expanding our product suite to include a version of our mid net worth packaged product for renovators. You will be familiar with our 12 month packaged offering, Renovation 950, which can be purchased for a flat premium of £950 including tax. We have recognised that this premium is still a bit on the steep side for those engaged in shorter projects, so we’ve developed a 6 month version of the package which we’ve called Renovation 500. This can be purchased at a flat premium of £500 including tax excluding party wall liability cover, or at £600 including tax with party wall liability cover included.
- Cover available for up to 6 months, or up to 12 months.
- All Risks structures cover up to £450k.
- All risks Works insurance up to £250k.
- £2m of Property Owners Liability.
- £250k of non-negligent party wall insurance (optional on the 6 month version of the package).
We have always excelled at finding solutions for big, expensive, complex developments, and in addition to exceptional cover, our pricing at the bigger end of the market is extremely keen. We have, however, struggled to be able to give our great cover at a competitive price to renovators operating at the smaller end of the market. We are confident that Renovation 500 and Renovation 950 will enable us to establish a strong presence in this sector.
If you’d like any more information about this, or indeed any element of our product suite, please don’t hesitate to contact one of our underwriters.