Loss of rent insurance

As an entrepreneur, you will make sure that if your property suffers damage your business activities can continue so your loss is minimized and you don't lose any customers to the competitor.

ENNIA's loss of rent insurance covers the loss of rental income after damage such as a fire, explosion or storm. As a result of these damages, it may become impossible to rent out the property or unsuitable for your business activities.

With the loss of rent insurance, you guarantee the continuity of your activities in a substitute building.

Why choose this insurance?

• Our rental loss insurance does not compensate up to 10% of the insured amount anymore, but as an entrepreneur you are free to choose your insured amount.
• Your insured amount is on a premier risk basis, meaning no underinsurance will be applicable at any time.
• A benefit period is not applicable. We will pay out up to the insured amount or until the building is repaired.
• We are pleased to assist you with advice to calculate an appropriate insured amount.

 

What does it cover?

• The rental costs to rent a replacement building are equivalent to the damaged building in which your business activities take place.
• If an equivalent building is not available, we will pay out up to a maximum of one hundred and fifty percent(150%) of the rental value and/or rent.
• In addition, if business activities cannot resume, we will reimburse the rental value for up to thirteen (13) weeks.

 

What does ENNIA's rent loss insurance cost?

Your insurance is customized. The cost depends on the optional hazards you want for your business. We use competitive pricing, and your independent insurance advisor or ENNIA would be happy to put together a quote for you, customized for your organization.