BIBA Launches Renovation Scheme with Aston Scott
26th April 2017
The British Insurance Brokers’ Association (BIBA) has launched a member scheme with broker Aston Scott for properties undergoing renovation work.
The scheme, Renovation Plan, is designed for individuals or companies who are undertaking a renovation or conversion project of a residential or commercial property.
It exclusively provides BIBA members with enhanced benefits such as hired in plant cover and the availability of enhanced tool cover. In addition, it provides cover for the existing structure, contract works, contents, public liability and advance loss of rent and non-negligence liability.
Mike Hallam, BIBA’s Head of Technical Services, said: “Most standard policies are unlikely to provide cover if the property is unoccupied and undergoing work nor will they cover the building work itself. We are pleased to work with Aston Scott to provide brokers with a product that will ensure their customers maintain this crucial insurance protection throughout such projects.”
Peter Blanc, CEO of Aston Scott, added: “We’re thrilled to be the official renovation scheme providers to BIBA. The importance of a suitable product during renovations cannot be underestimated and the team are looking forward to assisting more brokers with this specialist cover.”
Renovation Plan can provide the cover on either a peril based or all-risks cover depending on the project type and size.
For more information brokers should visit https://www.biba.org.uk/members/biba-schemes/renovation-plan/
Notes to editors
- For further information please contact:BIBA press office:
Pam Quinn, Head of Communications
020 7397 0223
Leighann Forsyth; Deputy Head of Communications
020 7397 0223
- About the British Insurance Brokers’ Association
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes just under 2,000 regulated firms, employing more than 100,000 staff. General insurance brokers contribute 1% of GDP to the UK economy, they arrange 52% of all general insurance and 78% of all commercial insurance business. Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.
BIBA helps more than 250,000 people a year to access insurance protection through its Find a Broker service, both online and via the telephone.
BIBA is the voice of the sector advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.