NIG refreshes property owners eproduct

NIG has made moves to improve its etrading product for property owners, despite performing well in the Insurance Times eTrading Survey 2018.

NIG says that after listening to broker feedback and the changing needs of clients, it has made three noticeable changes:

• Removing the word ‘average’ from their policy wording
• Tripling the time-scale for un-occupancy cover from 30 to 90 days
• Theft and malicious damage by a tenant as standard (up to £10,000 per claim)

It has also doubled its extension limits from £25,000 to £50,000 for damage by emergency services, and trace and access.

Plus, it has increased removal of nests cover (from £1,000 to £2,500) and compensation for court attendance for partners and directors – from £500 to £750 a day.

Loss of metered water and heating oil up to £25,000 now applies per claim, rather than one period of insurance.

Neil Manser, managing director, NIG said: “At NIG, we believe insurance should be a walk in the park. This major product refresh embodies that philosophy.

“We continually listen to broker feedback, while addressing market changes across our whole portfolio of products. I’m proud as part of this refresh we are tackling under insurance by putting average in the shade.”

Dan Burton, director of etrade, said: “The improvements we’ve made to Property Owners eProduct demonstrates NIG’s commitment to developing our etrade proposition. Not just by providing a wide portfolio of products on the platforms, our brokers trade on, but also by continually refreshing our eproducts.”