Dear Broker

 

We sent you a communication in September 2022 to advise you that we will be increasing our indexation adjustments for specific cover sums insured on the following Commercial Insurance products - Trademark, Apartment Block, Pub, Property Owners and Retail Warehouse effective from September 2022 renewals onwards.

 

We now wish to advise that Index linking on the US Office and Shop Products have increased from 1.5% to 8% for the relevant property sums insured as detailed in the table below. This change is effective from October 2022 renewals on.

 

Products

Prefix

Relevant Covers and Increases

 Office and Shop 

US

  • Property – Contents, Glass, Frozen Foods, Household Goods and Buildings +8%
  • Money, Computers, GIT, Business Interruption and Liabilities (no wages/turnover) – 0%

 

 

We apologise for the delay in advising you of this and confirm an explanatory note is included with the renewal notices for all customers whose policies are affected by this change. This note will also set out the detail as shown in the table above.

 

Thank you for your continued support.

 

Yours sincerely,


Stephen McGerr
Sales Director

Aviva Insurance Ireland DAC