Reef Casino Trust Reported Changes to Insurance Covers

Reef Casino Trust (ASX: RCT) has completed insurance renewal for its Hotel Casino complex. RCT notes that challenging market conditions for insurers have led to lesser insurance coverage with an increase in premium costs.

·         Annual premium expenses for 2020 is around $1.3 million, an increase of $487k over the last premium expenses.

·         In property cover, sub-limits were reduced for cyclone, flood and action by sea.

By 01:17 PM AEDT, RCT was trading at $2.65, no change from the last close.

 

·         Annual premium expenses for 2020 is around $1.3 million, an increase of $487k over the last premium expenses.

·         In property cover, sub-limits were reduced for cyclone, flood and action by sea.

By 01:17 PM AEDT, RCT was trading at $2.65, no change from the last close.

 

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