Artwork

Content provided by Gary Marshall. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Gary Marshall or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

The Great Insurance Swindle: Hidden Costs for Tenant Occupiers

23:23
 
Share
 

Manage episode 491815743 series 3640106
Content provided by Gary Marshall. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Gary Marshall or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Navigating Insurance Obligations for Retail and Commercial Tenants

In this episode of 'That Retail Property Guy,' host Gary Marshall explores the often-overlooked complexities of insurance obligations within retail leases. He explains the typical insurance responsibilities that tenants face, including reinstatement, loss of rent, and terrorism coverage, and advises tenants to thoroughly review their lease agreements to be clear what the landlord is entitled to recharge, as well as the implications of clauses that label insurance as 'rent. The discussion also highlights the importance of diligent check-ups on apportionment and competitive pricing, and how tenants should protect themselves from potential pitfalls like overpaying premiums or hidden fees.

00:00 Retail Property Insights

00:20 The Dilemma of Insurance in Retail Leases

00:59 Understanding Insurance Obligations in Leases

03:08 Insurance Recharges and Rent: The Hidden Costs

04:16 VAT and Insurance Premium Tax Explained

06:56 Diving Deeper into Insurance Types – Reinstatement, Loss of Rent, Terrorism

09:09 Unfair Loading

11:56 Rent Cesser

13:29 Terrorism and Pool Re

15:02 Ensuring Fair Insurance Costs

16:06 Sharp practice and the Trocadero Case

18:39 The Importance of Reading Your Lease

19:04 Acts of God and Other Items

22:22 Conclusion and Further Resources
How RCA insurance valuations should be done, by RICS (the Royal Institution of Chartered Surveyors)

PoolRe insurance for terrorism

Shoosmiths article about that Trocadero case

Send us a text

Never miss an episode! Follow and like That Retail Property Guy on your favourite podcast platform - available on Apple, Spotify, Amazon and more.

Find out more and message us on the podcast website

Go to ThatRetailPropertyGuy for more on Gary Marshall, Smarter Estates and the TRPG podcast. You can also check out the TRPG Blog for reading versions of key episodes.
For our niche 'Accounts Recoverable in Retail Property' business services, visit SmarterEstates
And find Gary and team on LinkedIn for regular updates and community info!

  continue reading

29 episodes

Artwork
iconShare
 
Manage episode 491815743 series 3640106
Content provided by Gary Marshall. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Gary Marshall or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Navigating Insurance Obligations for Retail and Commercial Tenants

In this episode of 'That Retail Property Guy,' host Gary Marshall explores the often-overlooked complexities of insurance obligations within retail leases. He explains the typical insurance responsibilities that tenants face, including reinstatement, loss of rent, and terrorism coverage, and advises tenants to thoroughly review their lease agreements to be clear what the landlord is entitled to recharge, as well as the implications of clauses that label insurance as 'rent. The discussion also highlights the importance of diligent check-ups on apportionment and competitive pricing, and how tenants should protect themselves from potential pitfalls like overpaying premiums or hidden fees.

00:00 Retail Property Insights

00:20 The Dilemma of Insurance in Retail Leases

00:59 Understanding Insurance Obligations in Leases

03:08 Insurance Recharges and Rent: The Hidden Costs

04:16 VAT and Insurance Premium Tax Explained

06:56 Diving Deeper into Insurance Types – Reinstatement, Loss of Rent, Terrorism

09:09 Unfair Loading

11:56 Rent Cesser

13:29 Terrorism and Pool Re

15:02 Ensuring Fair Insurance Costs

16:06 Sharp practice and the Trocadero Case

18:39 The Importance of Reading Your Lease

19:04 Acts of God and Other Items

22:22 Conclusion and Further Resources
How RCA insurance valuations should be done, by RICS (the Royal Institution of Chartered Surveyors)

PoolRe insurance for terrorism

Shoosmiths article about that Trocadero case

Send us a text

Never miss an episode! Follow and like That Retail Property Guy on your favourite podcast platform - available on Apple, Spotify, Amazon and more.

Find out more and message us on the podcast website

Go to ThatRetailPropertyGuy for more on Gary Marshall, Smarter Estates and the TRPG podcast. You can also check out the TRPG Blog for reading versions of key episodes.
For our niche 'Accounts Recoverable in Retail Property' business services, visit SmarterEstates
And find Gary and team on LinkedIn for regular updates and community info!

  continue reading

29 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide

Copyright 2025 | Privacy Policy | Terms of Service | | Copyright
Listen to this show while you explore
Play