Managing general underwriter Victor has launched a new property owners product, which consolidates its existing three products – property owners standard, non-standard and large property – into a single policy. Cover is available for small to large residential let properties, commercial properties, and mixed portfolios.

The product offers cover of up to £15m per location and is available through Victor’s digital platform for brokers and Acturis.

Caroline Weeks, head of underwriting, property and casualty at Victor Insurance UK, said: “Too often, property owners are faced with added complexity in the insurance buying process, frequently needing to obtain different policies at renewal based on the changing risk profiles and size of their portfolios.”

She added: “Victor’s property offering gives greater flexibility, simplifying the purchase of property insurance and enabling brokers to obtain high quality, sustainable coverage for their clients even as their property portfolios evolve over time.”