What the programme should address

Property damage

Buildings, fit-out, equipment and site infrastructure.

Rental income

Loss of rent and additional expense during recovery.

Owner liability

Claims involving tenants, visitors and neighbouring property.

Construction works

Refurbishment, fit-out and development exposures.

Risk review priorities

• Maintain current reinstatement valuations.
• Model catastrophe and location accumulation.
• Review leases and tenant insurance obligations.
• Set realistic indemnity periods.
• Plan access, debris removal and rebuilding permissions.

Scenarios to test

1. A fire requires full reconstruction and tenant relocation.
2. Flood affects several buildings in one area.
3. A utility failure closes a property without direct damage.
4. Underinsurance reduces the claim settlement.

For each scenario, identify the affected policy, trigger, deductible, sublimit, waiting period, recovery time and uninsured amount. Treat any gap as an explicit retained risk rather than an assumption.

How Kompetenz supports the placement

We translate operational and contractual information into a structured insurance submission, compare policy wording across markets and help establish a claims-ready programme with clear responsibilities.

Conclusion

Real estate insurance protects both the physical asset and the income model that gives the asset value.

Next step: Request a tailored Business insurance review from Kompetenz.