Zurich Financial Services Australia has rolled out key policy wording upgrades as part of a push to grow its share of the motor fleet insurance market.

As part of the enhancements, Zurich has extended its two-year new vehicle replacement cover to a wider range of truck and trailer types, and increased encumbered vehicle cover to 20% above market value for vehicles worth less than $500,000. Automatic additions cover is now $500,000 per vehicle.

Zurich Chief Underwriting Officer Scott Brown says the insurer developed the new upgrades in response to broker and client feedback.