Reduced premiums for freehold restrictive covenants[18/02/2020]
Last July, we introduced an additional Freehold Restrictive Covenants option to cover an actual or potential breach of covenant which is at least 10 years old or more. This was in response to feedback from customers looking to differentiate between established breaches of covenant, and those which are more recent.
Following a pricing review, we are pleased to announce we have significantly reduced our premiums for this new option, making our Restrictive Covenant cover for older breaches even more competitive. To ensure your clients automatically benefit from these cheaper premiums, please select ‘at least 10 years’ under the ‘existing property - continued use’ option for the Freehold Restrictive Covenants policy in Elite.