Aviva makes suite of changes to mid-market motor and property products

Aviva will update and expand its mid-market motor trade and property owners products, in a move aimed at “strengthening core protection, improving clarity and supporting brokers in managing some of the sectors’ most pressing risks”.

Both product lines will see an expansion of core cover, increased limits and the movement of several previously optional covers into the standard offering.

Property owners policyholders will see changes including a £10,000 business interruption (BI) benefit for loss of income from renewable energy installations, cover for fire and rescue service charges, a 200% uplift to gross rentals for BI cases and increased limits for removing property left by previous tenants.

The firm has also announced measures aimed at reducing property underinsurance, including accepting Royal Institution of Chartered Surveyors (RICS) Valuations made in the last three years, even if made before the customer joined Aviva, and waiving additional premiums from revaluations until the following renewal.

Meanwhile, changes to motor trade wordings include an increase to the standard limit for directors’ and employees’ tools, an increased £10,000 limit per claim for additional electric vehicle charging costs, child seats covered as standard and clearer protection for hybrid and electric vehicles.

Important segments

Michael Yabantu, managing director for mid-market at Aviva, said: “Motor trade and property owners propositions have been core to Aviva’s commercial lines business for generations and today they remain two of the most important segments in our mid‑market portfolio.

“With more than a century of experience supporting motor trade customers and over 20,000 real estate clients ranging from individual landlords to firms managing major commercial estates, we understand the pressures these sectors face – from technological change to evolving market and regulatory demands.

“By bringing together the depth of our motor trade heritage with our scale and capability in property owners, we’re ensuring our products deliver the clarity, resilience and support businesses need in a rapidly changing market.”