This insurance product is great for bridging the gap in terms of lost rent, but what’s available to attract new tenants should a catastrophic event occur?
Lease Incentives can be built into an insurance policy to assist Property Owners in enticing existing and prospective tenants, to bring them into the building following a major loss (such as a fire).
| Examples of incentives which are included in a policy are:
| Limits of insurance and amount of incentives available can be selected by the Property Owner, guided by the advice of KBI and the Insurer. The typical period for this cover is for 6 months immediately following complete reinstatement of the insured property.
Packaging Lease Incentives and Rent Default cover together as part of a Commercial Property Insurance Policy provides the Property Owner with comprehensive protection – even in these uncertain times.
|
We are a specialist insurance brokerage with an emphasis on adding value to our clients by helping them make an informed decision. Our approach combines that of an insurance broker and consultant, where we focus on providing expert advice to our clients while customising their insurance program and risk management solutions.
Since starting in 2013, KBI is constantly growing and becoming a leader in the Australian market. Our primary point of difference is that we don’t try to be all things to all people. We work in niche areas, where we can tailor an offering, advice and broker support to meet the specific area’s needs.
latest news
Related Articles
Association Insurance
Why Do Associations Need a Tailored Insurance Program?
Associations play a key role in many industries. They represent the shared interests of professionals, businesses, and communities. Associations operate in dynamic […] {{ post.title }}>Read More
Why Do Associations Need a Tailored Insurance Program? Read ArticleCyber Blog
Strengthening Your Business with Comprehensive Cyber Insurance Solutions
In this article, we provide some key insight into the current cyber insurance landscape including how insurers are responding to increasing risks […] {{ post.title }}>Read More
Strengthening Your Business with Comprehensive Cyber Insurance Solutions Read ArticleBusiness Insurance
Safeguarding Business Continuity: Learning from the Optus Outage
In an era where connectivity is the lifeblood of businesses, the recent Optus outage in Australia served as a stark reminder of […] {{ post.title }}>Read More
Safeguarding Business Continuity: Learning from the Optus Outage Read Article