Adelaide landlord says insurance companies refusing to cover Hindley Street properties
- sophiewilliamssc
- Jul 13, 2022
- 1 min read
An Adelaide landlord says insurers will not cover his Hindley Street property because it is too risky, and premiums for his tenant's business have more than quadrupled.
Alex Radda owns the building where he used to lease a cocktail bar.
He said his tenant was being slugged hard.
"They're paying around about $13,000 a year for their business insurance, where as we were paying $3,000," he said.
"That's a really big jump in the space of, [let's say], 12 months."
Mr Radda said no-one wanted to insure his building because it was on Hindley Street.
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