Covers costs of relocating tenants after a covered loss, helping retain income and tenant satisfaction
Estimated loss refers to the potential costs associated with relocating tenants after a covered loss, including moving expenses and temporary rent differentials. We've based our estimate on the expenses incurred to maintain tenant relationships and provide temporary space while the building is being repaired.
Standard property insurance policies may not cover the expenses associated with relocating tenants or assisting them during repairs to your property. This can lead to tenant dissatisfaction, potential loss of rental income, and additional out-of-pocket expenses.
USI works with carrier partners to include tenant relocation expense coverage in your property policy. This enhancement covers the costs of relocating tenants temporarily or permanently after a covered loss, helping you maintain tenant satisfaction and your income.
Typically, no. Because of USI's expertise in risk management and strong relationships with insurers, we're often able to provide you with highly tailored insurance solutions with increased coverage at no additional cost.
No. These recommendations are a preliminary hypothesis based on what we know about you. Once we're your broker, USI will determine what data we need to perform a comprehensive analysis of your property coverage needs.
Every property is different, and the level of risk depends on factors such as operational hazards, natural catastrophe exposures, and physical protection in place. We analyze the specific risk factors of your property and recommend enhancements based on those findings. Rather than overselling, our goal is to offer coverage that matches your property’s unique exposures, preventing you from having to bear the financial burden of unexpected repairs.
The claims process with these enhancements is straightforward. These coverage enhancements ensure that more of your property is protected, reducing the chance of disputes over what is or isn’t covered. We streamline the process by clarifying coverage upfront and working closely with your carrier to minimize delays or complications in the event of a loss.
I'm interested and would like USI to complete a property policy review to ensure my coverage matches actual exposures.
Great, here is what we require to get started...
- Copy of your property policy, including all endorsements
- Last 5 years of loss runs
- Your organization's Business Interruption valuation method
- Statement of Values, including details about the construction and use of your buildings