000 01315cab a2200253 4500
001 ABS68742
008 050225n2005 000 0 eng u
035 _a(Sirsi) u128897
100 _aPage, E.
245 _aLandlords hunt for cover
260 _c2005
490 _aEstates Gazette
_v(0501) 8 January 2005, 87-88(2)
520 _aConsiders 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.
590 _aABS
650 _aTERRORISM
650 _aFLOODING
650 _aRE-INSURANCE (ACTS OF TERRORISM) ACT 1993
650 _aPOOL RE
650 _aTERRORIST ATTACKS
650 _aLEASE NEGOTIATIONS
650 _aUNINSURED LOSSES
690 _aInsurance
_96249
942 _n0
999 _c74847
_d74847