Commercial Real Estate Rent Default Insurance (CRERDI®)

What is Commercial Real Estate Rent Default Insurance?

Commercial Real Estate Rent Default Insurance (CRERDI®) is a risk transfer vehicle for property owners who are heavily reliant on consistent rent payments from their tenants to maintain their investment.

Policy pays up to six months of lost net rent, allowing property owners to start the eviction process without giving up 100% of the rental income, as well as reimbursements of legal expenses associated with the eviction process.

The policy can also provide reimbursement for the tenant's leasehold improvements once the tenant is removed.

Commercial Real Estate Rent Default Insurance (CRERDI®) is available in all 50 states!

Coverage highlights:

  • Coverage provided by a non-admitted A.M. Best A+ (Superior) rated carrier.
  • An affordable product. Minimum annual premium as low as $850.
  • Reimbursements of net rental income replacement to the maximum of 6 (six) months.
  • Reimbursements of attorney's fees and court fees to the maximum of $500.
  • Reimbursements tenant's leasehold improvements.
  • An insurance policy issued to property owner - property owners are the first named insured.
  • Multiple properties under one policy.
  • Multiple units per property.
  • Policy trigger is eviction due to non-payment of rent.