Commercial Rent Default Insurance
Don’t let your money disappear with your tenant.
Commercial Rent Default Insurance is the first stand-alone product of its kind offering Commercial Landlords a better way to manage their risk, attract and keep good tenants, and maximise their profits.
If you are serious commercial property investors arrange a Commercial Rent Default Insurance quote.
- Commercial Rent Default Insurance will cover commercial landlords for loss of rent:
- If their commercial tenant fails to pay the rent
- If their commercial tenant leaves without notice
- If their commercial tenant leaves without paying all of their rent
- If they legally evict their commercial tenant
It will cover your business from the day rent stopped being paid and keep you covered until there is a new tenant, the lease expires or the policy limit is reached.
The cover is offered by Greenhill Underwriting Agencies Underwritten by Hollard Insurance Australia Ltd. (AM Best Rating A-)
Covered Acceptance Rules
- Must have written lease agreement(s) in place
- Periodical leases are ineligible
- All tenancies within a property to be insured
- Other exceptions, ineligible tenants, existing lease agreement conflicts at the discretion of the insurer
- At least 50% of the premises must be occupied