Burglary damage - who pays?

[King13]

Hi

Who pays the excess for damage to premises caused during an attempted burglary? The lease is a standard ADLS lease.

Thanks for any advice.

[Aston]

I presume you are talking residential, not sure about commercial but.....

The owner of the property/the owner of the policy/the person who pays the premium will also pay the excess.

If there are extreme circumstances, you may be able to claim the excess back from the tenant but I would doubt it.

[jimO]

the burglar should in a perfect world

[Maccachic]

ADLS is a commercial lease Aston and this is placed under Commercial property. Interesting question tho.

[Wayne]

the lease specifies this doesn't it?
number 5 of outgoings (5th edition)
5. Any insurance excess (but not exceeding $2000) in respect of a claim and insurance premiums and related valuation fees.


so the tenant pays

[King13]

Thanks. Had a call from the tenant so needed confirmation before replying.