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Is Your Commercial Property Insurance Policy Adequate?
If you’re a property owner and ask yourself what type of insurance is needed for a commercial building, commercial property insurance is your answer.
Insured ASAP Insurance Agency provides affordable commercial building and property insurance quotes to all property owners. Whether your building is occupied and rented or vacant, we have options for you.
Contact us today for a commercial insurance quote: (800) 641-7488
Commercial building insurance is a special type of insurance that covers the company building as well as the contents owned by the company. “Property” can include a variety of types: lost income or business interruption, buildings, computers, money, and valuable papers.
Under the liability policy coverage, the building should be protected from damaging events such as fire, burglary and vandalism.
What Building Owners Need To Know About Commercial Property Insurance
Having the right coverage for your building is one of the most important things you can do to protect your investment. It is vital to review your commercial building insurance policy to make sure you have adequate coverage to protect you from losses such as fires, vandalism, floods, etc.
The Key Coverages Of A Commercial Building Insurance Policy
Owning and managing one or more commercial properties can be some hard work so your insurance policy should put you at ease. It is extremely important to make sure you have an accurate replacement cost valuation for your commercial building. It’s vital to make sure if the building loss is total from a fire, for example, you have enough coverage to fully rebuild. Besides property coverage, general liability is also a key coverage in any commercial building owner’s insurance policy.
How Much Does Commercial Property Insurance Cost?
Commercial property insurance costs vary based on a few factors. Just like all other types of insurance, not all two policies are alike. There are specific rating factors that commercial property insurance companies use to determine the level of risk your specific building is exposed to. Some of those rating factors include:
- Type of building
- Prior commercial insurance details
- Square footage
- Replacement cost
- Geographical Location
- and more.
Read about what defines a commercial building: https://en.wikipedia.org/wiki/Commercial_building
To get started on your quote call our office or click over to our quotes page.