Ceta insurance, the specialist non-standard general insurance (GI) broker, has announced a significant rate reduction across a range of non-standard risks.

The rate reduction – amounting to a 20% discount – applies to: let property, holiday homes, residential homes with business use, unoccupied properties and properties with an element of flat roof.

The reduction applies to one of Ceta’s core underwriting partners and is in response to favourable market conditions and increased demand.

James O’Hara, head of product procurement at Ceta, said: “We manage our relationships with all of our insurer partners very closely and work with them to ensure we maintain the best rates and coverage, insurers are often criticised for increasing rates when market conditions go against them but rarely recognised when rates are reduced.”