Posts Tagged ‘commercial property insurance’
What is covered by a property insurance policy?
Your property is covered against sudden and accidental damage. There are key exclusions, notably flood, earthquake, sinkhole collapse, wear and tear, pollution (an oil tank that leaks, for example), damage caused by vermin, intentional acts, and others. Mold coverage may be limited, and water backup typically needs to be added.
Read MoreWhat is building ordinance coverage?
If you are required to rebuild your property differently because of laws or ordinances – such as changing the setback of a building – you are not covered unless your policy contains this coverage.
Read MoreWhat kind of insurance do I need for a commercial real estate investment?
A Business Owners Policy is usually the best value for a small to medium sized commercial investment property, providing coverage for a building, contents, loss of business income, and premises liability in a single policy.
Read MoreWhen do I need a commercial policy?
If your building has a business in it, or if you have five apartments or more you need a commercial policy to cover your property.
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