Commercial and residential real estate MGA Ventis has announced a new non-standard real estate proposition targeting complex property risks.

The first product covers vacant properties, including short-term policies and long-term protection of up to 10 years, and extends to buildings under renovation or alteration with flexible cover levels.

The second covers non-standard property types, including timber framed buildings, social housing, student accommodation, holiday lets and HMOs, with cover for property damage, tenant malicious damage, loss of rent up to 20%, landlords contents up to £10,000 and a day one uplift of up to 35%.

Cover applies to risks up to £15m TSI alongside its core offering for standard risks up to £70m.

Gareth Roberts, chief executive of Ventis, said: “At Ventis we are committed to building strong broker relationships through responsiveness, service and underwriting expertise. This new proposition has been developed directly in response to broker demand for solutions in more complex and non-standard areas of the market. By combining our core appetite with enhanced capability for complex risks, we are giving brokers confidence to place business that requires a more active underwriting approach.”

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