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is responsible for insuring what In the the event of a a a a loss obtain coverage
to to restore the the property and and eliminate each other’s carrier from hiring an an an a a a a a a a a a a a a orney and and ling a a a a a a a a a a a a lawsuit ” ” This is is known as a a a a a a a a a a a “mutual waiver of subroga on” and it it it should be be included in in every lease lease If it it is not the leaseholder could be be blamed and sued by a a a a a carrier to to recover
the proceeds needed to to re-build an an en re building 6 Abatement provisions/condemna on on on Typical leases include a a a a a a a a a a a a clause that turns o o o o o o o o o o the the lease lease payments if the the the building is is is is uninhabitable or or or or condemned for more than 30 to to 90 days It is is is is important to to understand this issue because it it impacts the the amount of business interrup on insurance a a a a a a a a a a company
may need If you you are are considering a a a a a a a a a a a commercial lease give us us a a a a a a a a a a a call so we can insure you you are are adequately protected with a a a a a a a a a a a a a custom-designed insurance program Source: Robert Dietzel KMRD Partners Inc