IIG reveals non-standard property owners product
Incorporated Insurance Group (IIG) has focused on the rented sector by introducing a non-standard property owners insurance product for landlords.
In the managing general agent’s (MGA) sights were what it referred to as “vanilla” products in the market which the firm claimed are not delivering for the niche needs of brokers’ clients.
IIG said the growing amount of landlords comes with a demand to accept tenants with high-risk trades, and residents who are not professionals. The MGA indicated that while the market is awash with capacity for vanilla property risks, brokers were finding it difficult to source cover for risks sitting outside
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