CFC Insurance Ltd
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Casualty Insurance

Catastrophic Casualty Insurance (property):

Financial loss caused by major physical damage.


  • Occurrence causes permanent loss of rent payments from tenant.
  • Occurrence has rendered the property unsuitable for continued business operation (subject to restrictive covenants in the lease).


  • Policy limits are no more than the present value (PV) of outstanding debt.
  • erm coincides with primary term of lease, typically 10-20 years.


  • Paid for by the borrower for benefit of the lender.


  • In case of loss triggered by catastrophic damage, all property insurance proceeds are available to offset the claim as well as the land and building (if any).