Landlords hunt for cover
Series: Estates Gazette ; (0501) 8 January 2005, 87-88(2)Publication details: 2005Subject(s): Summary: Considers the problem of insuring against risks such as terrorism and flooding. The tenant is most likely to be responsible for reinstatement costs and also has to continue paying rent if damage is caused by an uninsured risk. Discusses the Pool Re system of insurance cover which has been extended to cover other forms of terrorism other than what it was originally set up for. However there is an insurance gap as insurers still use a wide exclusion based on the Terrorism Act 2002 or the narrow definition of the Re-Insurance (Acts of Terrorism) Act 1993. Concludes that the market is moving away from the position where risk for uninsured risk falls exclusively on the tenant.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68742 (Browse shelf(Opens below)) | 1 | Available | 128897-1001 |
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Considers the problem of insuring against risks such as terrorism and flooding. The tenant is most likely to be responsible for reinstatement costs and also has to continue paying rent if damage is caused by an uninsured risk. Discusses the Pool Re system of insurance cover which has been extended to cover other forms of terrorism other than what it was originally set up for. However there is an insurance gap as insurers still use a wide exclusion based on the Terrorism Act 2002 or the narrow definition of the Re-Insurance (Acts of Terrorism) Act 1993. Concludes that the market is moving away from the position where risk for uninsured risk falls exclusively on the tenant.