As of 10th March, Zurich are removing the Property Owners endorsement PO001.
This endorsement applied the escape of water excess to each individual flat when multiple flats were affected. This means that rather than applying the £500 escape of water excess to each individual flat, we will now apply a single £500 EoW excess.
Endorsement PO001 will not be applied to any new business and will be removed from mid-term adjustments and renewals, whenever they are submitted.
Why are Zurich making this change?
The endorsement previously . . .
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