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Insurer Allianz has revealed a “strengthened” proposition for commercial property owners, which it says will make it easier for brokers to place business.
The Property Owners Select proposition will provide new covers, enhanced limits and access to additional services, complementing Allianz’s suite of sector-specific mid-corporate products and supporting commercial property owners of larger premises or portfolios, the insurer said in a statement today.
Brokers will find it “even easier” to place business, as customers can now combine their property and casualty covers with new engineering sections including machinery damage cover, Allianz went on to say. This protects items such as boilers, lifts, air conditioning units and escalators from breakdown, explosion or collapse.
Customers will also gain access to a wide range of additional sector-specific services, including risk management advice, Allianz Legal Services, and preferred suppliers such as water damage protection specialist Leaksafe Solutions.
“We’ve developed expertise in the property owners sector over the last 20 years and we’re excited to improve our offering to our customers to market leading levels,” Catherine Dixon, director of underwriting, commercial, at Allianz Insurance, said.
“Our property owners customers are now able to purchase key specialist engineering covers alongside traditional property owners insurance, making it easier for brokers to place this business with us,” she commented.
Allianz’s London Market real estate team will also continue to offer “bespoke solutions” on a wide range of property portfolios, which the insurer said is complemented by its dedicated real estate claims proposition.
Dixon added: “Designed to help property owners and investors manage their property portfolios after fire, equipment failures and more, we’re confident that the enhancements we’ve made to our proposition reflect the changing needs of our customers, giving our brokers the confidence that they’re promoting a strong and compelling proposition to their clients.”
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